ONDO Finance, an important player in Real-World Activa-Tokenization, remains in a bear market, which has fallen more than 45% compared to his high November 2024.
ONDO (ONDO) Price was traded on Thursday at $ 1.60, which marked an increase of 30% compared to the lowest level this year. However, strong technical and fundamental indicators suggest a possible rebound in the coming weeks.
An important factor that supports a potential recovery is the continuous growth of the ONDO Finance ecosystem. According to Defi Lama, the total value that has been locked in the ONDO ecosystem has surpassed $ 1 billion for the first time. This is a significant increase of $ 541 million at the start of the year.
This growth is driven by its two tokenized assets: ONDO Short -term US Treasuries Fund (OUSG) and ONDO US Dollar Yield token (USDY.) USDY currently has more than $ 589 million, while OUSG has $ 419 million in assets.
Both OUSG and USDY offer daily revenue generation by investing in American treasury accounts. USDY offers an annual percentage yield of 4.35%, while OUSG yields 4.03%.
The price of ONDO can also be influenced by investments by Donald Trump’s World Liberty Financial. WLFI NOW in possession 342,000 ONDO -Tokens, rated at more than $ 400,000. ONDO was one of the best donors of the inauguration committee of Trump, who fueled speculation that the project can be taken into account for admission to the American strategic crypto reserves.
ONDO price analysis
The daily graph shows that ONDO Finance has been in a strong downward trend in recent months, in accordance with a broader fall in market.
On the positive side, the coin has formed a falling wig pattern, which includes two falling and converging trend lines. A bullish breakout usually happens when the two lines approach their confluence levels.
Ondo Price has also formed a cup and fence pattern, another popular continuation sign. The top of this pattern is $ 1,4825, while the depth is 65%. There, measuring this distance from the top of the cup brings the ONDO race goal to $ 2,4610, an increase of 113% compared to the current level.
