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The Coin Rise 2025-05-31 18:42:19

ONDO Holds Steady at Crucial Level Despite Price Dip

Ondo Finance has watched its Total Value Locked (TVL) grow three times over the past year. This is primarily due to what is happening on the Ethereum and Solana blockchains. This growth has kept Ondo Finance strong in the Real World Assets (RWA) sector, even though ONDO’s price has struggled to stay above the $0.80 level. Growth Driven by Ethereum and Solana Ondo Finance’s TVL rose sharply from approximately $500 million in early January 2025 to over $1.2 billion by late May 2025, with the majority of this growth coming from the Ethereum and Solana blockchains. Reports also showed that about $600 million worth of OUSD and USDY stablecoins were held on Ethereum. On Solana, deposits topped $300 million in similar stablecoins. Arbitrum One added over $150 million in USDY, while Polygon saw around $50 million in OUSG. Many in the market believe this steady increase highlights a growing interest in real-world assets from investors looking for steady returns with less risk than other, more volatile assets. In another positive step, JPMorgan completed its first public blockchain transaction involving tokenized government bonds. The bank worked with Ondo Finance on the deal. Key Price Levels to Watch Ondo (ONDO) technical analysis points to a bullish setup, with slow and steady accumulation underway. The price stays above key support zones while forming a higher low structure, signaling renewed interest from buyers after previous consolidation. CoinMarketCap data shows that ONDO has stayed below the $1 mark with a modest gain of 0.09% in the last 24 hours. However, its price action remains centered on the $0.80 level. In April, this level acted as strong support during bearish movements. Early May saw a brief breakout above a descending trendline. But that move quickly faded, leaving traders cautious. Indicators have shown mixed signals, adding to the uncertainty. Holding above $0.80 is considered vital, as a drop below this level could invite more selling and prolong the bearish trend that began early in 2025. Future Outlook for ONDO If ONDO can hold above $0.80, it might push up towards $1.37. Hitting that could bring a chance to test the high of $2.20 from late last year. But if the mood shifts and investors pull back, the price could slip again, even with the solid growth in TVL. What happens in the next few weeks will matter much for where ONDO goes next. In related news, reports indicated that early investors who accumulated the ONDO coin at $0.10 saw their investments skyrocket as ONDO peaked near $1.50 . The post ONDO Holds Steady at Crucial Level Despite Price Dip appeared first on TheCoinrise.com .

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