Ondo Finance Sees Massive Network Growth—Is This Recurring 3x Price Surge Next?

Ondo Finance is experiencing growth in the tokenized Treasury market, with multiple analysts highlighting its potential.

Ondo Finance is rapidly expanding in the tokenized Treasury market, with multiple analysts highlighting its potential and the role it plays in the emerging Real World Assets (RWA) sector.

As spotted by Merlijn The Trader, tokenized Treasuries have now reached $4 billion, with Ondo Finance spearheading this expansion. According to Merlijn’s analysis, Ondo’s Total Value Locked (TVL) has increased by 57% this month alone, cementing it as the largest tokenized Treasuries platform.

MASSIVE GROWTH FOR $ONDO!

Tokenized Treasuries just hit $4B, and $ONDO is leading the charge!

TVL up 57% this month ⁴. Now the largest tokenized Treasuries platform.

RWA adoption is accelerating FAST. Are you paying attention?

Signals Technical Breakout, Technical Target $3.10

Another crypto analyst, Cryptogenous, has provided a technical analysis of ONDO token, suggesting an imminent breakout with a target of $3.10. This amounts to a 3.5x price surge from the current trading price.

As seen on the chart, ONDO has touched a key trendline, which was anticipated in a previous analysis. Strong buying activity is evident at this level, indicating a potential bounce.

Cryptogenesis anticipates that ONDO price will retest this support, hold it, and then rally to the 1.618 Fibonacci level, which is estimated to be around $3.10.

The analysis highlights that the token appears significantly undervalued at current prices, presenting a high risk-to-reward opportunity for investors. Previous instances where ONDO touched this trendline resulted in 300% price increases, ultimately reaching the 1.618 Fibonacci target.

For those interested in entry strategies, Cryptogenous suggests either dollar-cost averaging into a position in the current price region or waiting for a confirmed breakout above the 0.786 Fibonacci level, which is around $0.96, to enter. A clear invalidation point is at $0.59—if the price drops below this level, it would signal a potential downtrend.

However, Cryptogenous notes that ONDO remains in an uptrend on higher timeframes and doesn’t anticipate prices falling much lower from current levels.