ONDO Prijstests Breakout as RWA market value new peak reaches

ONDO climbed above $ 1.09 on 12 September and expanded a one-week rally that brought it to Token to test a BreakOut zone, just like Real-World asset-Tokens Hit Platenmarktwaarde.

At the time of the press, ONDO traded at $ 1.09, an increase of 8% in the last 24 hours, within a seven-day range of $ 0.8974- $ 1.13. Although token has increased by 19% in the past week and 4% in the last 30 days, it is still 50% under the peak of $ 2.14, which takes place in December 2024.

The 24-hour volume of ONDO (ONDO) reached $ 485.39 million, an increase of 85.5% compared to the day before, which indicates an increase in commercial activity. There were also significant inflow into derivatives. According to Coinglass data, the open interest rose by 14% to $ 585.74 million, while ONDO Future volume rose by 67% to $ 1.38 billion.

The increasing derivative volume indicates rising speculative activity, and a higher open interest suggests that traders hold more positions, which is often a sign of larger price fluctuations.

Rwa Market Boom Lifts ONDO

The rally coincided with a wider increase in Tokenized assets. The market capitalization of RWA -Tokens rose from around $ 67 billion to nearly $ 76 billion last week, which established a new high. In the meantime, the total value of tokenized assets on-chain surpassed $ 29 billion based on facts from rwa.xyz.

ONDO is central in the momentum. Together with ONDO, Trust Wallet introduced tokenized US shares and listed funds on 9 September on 9 September. The integration enables users worldwide to trade shares such as Apple and Tesla Onchain without the need for brokers, using the decentralized Exchange Aggreator 1inch (1inch).

ONDO’s protocol Total value of the protocol has also been considerably expanded this year, risen from $ 650 million in January to $ 1.56 billion from 12 September, according to Defillama facts.

Ondo Price Technical Analysis

The ONDO/USDT Daily graph shows it token that is pressed against the Upper Bollinger band near $ 1.13, supported by increasing volume. A relative strength index of 66 suggests the building of Momentum but not yet overbought conditions.

Most moving averages, ranging from the 200-day SMA to the 10-day EMA, show bullish tuning and offers a constructive background.

MACD measurements reflect a purchase signal, but the momentum is delayed, which indicates possible consolidation in the short term. If the resistance of $ 1.13 has been decided, it can set up a movement to $ 1.20 and then, while it does not hold more than $ 1.00 a retracement to $ 0.95, where both progressive averages and the Middle Bollinger tire offer support.