ONDO token surged 9.01% in 24 hours to trade at $0.4317, nearing a crucial descending resistance level that has capped its price for months. The rally comes as Ondo Finance expands its tokenized asset ecosystem, now offering over 440 stocks, ETFs, and other assets on-chain. Technical indicators such as the Bollinger Bands and MACD signal strong upward momentum, but analysts caution that a break above the combined descending trendline and horizontal supply zone is needed to confirm a sustained recovery. ONDO’s market capitalization stands at roughly $2.13 billion, with 24-hour trading volume of $490.97 million.
ONDO price surged 9.01% in the last 24 hours to $0.4317, with a market capitalization of roughly $2.13 billion and trading volume of $490.97 million. The token is testing a major descending resistance trendline that has suppressed its price for months, as Crypto analyst The Boss noted on September 19.
“The Boss had noted that ONDO had broken from a descending wedge to a consolidation stage above retested support.” The next challenge is whether the rally will break through both the descending trendline and a horizontal supply zone.
Bollinger Bands show the price hit $0.43914, above the upper band of $0.41207, indicating strong momentum. The MACD value of 0.00779 sits above the signal line of 0.00090, confirming the uptrend. Whether this momentum can push ONDO past the highlighted resistance remains uncertain.
Meanwhile, analyst Niels pointed out that the Ondo ecosystem already includes over 440 stocks, ETFs, and other assets across tech, AI, energy, healthcare, and bonds. “And that’s before tokenization really goes mainstream,” Niels said, noting that Ondo is building across multiple market sectors.
Short-term focus remains on the downtrend line and horizontal resistance. A break above could signal a sustained recovery, while failure may lead to a retest of recently reclaimed support levels. Broader tokenization developments and regulatory news will also influence ONDO’s trajectory.
