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- Investor sentiment remains high, with 87% optimistic about ONDO’s future, despite its price being over 50% below its December all-time high of $2.14.
- Institutional interest in ONDO is bolstered by investments such as Donald Trump’s World Liberty Financial purchasing 342,000 tokens.
Ondo Finance’s own crypto, ONDO, witnessed increased trading action this week with over $440 million in trades on Friday alone. Even with the token remaining well over 50% short of its all-time high set in December of $2.14, buyers remain active on ONDO, speculating for a breakout. Experts are now weighing whether or not the asset can regain its top and blast off by a further 110% in the coming weeks.
ONDO Ecosystem Gains Investor Attention
Investor sentiment is still high despite the recent price drop. Statistics from indicate that 87% of investors are still optimistic about ONDO’s future, with just 13% having doubts about its potential to bounce back. The optimism is mainly fueled by the fast growth of Ondo Finance’s ecosystem, which has been expanding at a remarkable pace.
Ondo’s TVL has now exceeded $1 billion for the first time, a sharp rise from $541 million at the beginning of the year, DeFiLlama reports. The surge is mainly due to increased adoption of Ondo’s tokenized financial products, such as the Ondo Short-Term US Treasuries Fund (OUSG) and the Ondo US Dollar Yield Token (USDY). USDY currently commands over $589 million in assets, with OUSG representing $419 million. These products complement the traditional finance against decentralized markets by increasing Ondo’s attraction among institutional as well as retail investors.
Institutional backing has been the key to ONDO’s success. Recently, Donald Trump’s World Liberty Financial (WLFI) purchased 342,000 ONDO tokens worth more than $400,000. The investment has spurred rumors that ONDO may have a role to play in upcoming U.S. digital asset initiatives, considering its past connection with Trump’s inauguration committee. Furthermore, the partnership with Mastercard will help Ondo Finance expand into the world of real-world asset tokenization, as reported earlier.
With institutional support continuing and more adoption of Ondo’s tokenized financial products takes hold, ONDO may experience increasing demand on the horizon for the next several months. If market conditions continue to be favorable, the token is thought by analysts to have a good shot at not only retaking its former high but also making new highs in the coming term.
ONDO Price Analysis: Can It Break Above Its Previous High?
ONDO has been moving within a volatile range in the last month, with large price fluctuations mimicking overall market conditions. Presently, the token is well below its December high of $2.14, but technicals indicate that a rebound might be imminent. At press time, the ONDO price stood at $0.86675.
Based on CoinCodex estimates, ONDO may hit a high of $3.49 in March, up by 247% from its current value. Also, the mean trading price throughout the month will be around $2.08, showing massive buying, as mentioned in our previous report.
Important resistance levels to monitor are $1.75 and $2.14, the latter being its all-time high. Breaking above this area may initiate further price appreciation, with a potential run towards the $3.00–$3.50 zone. But if momentum cannot hold, ONDO may retest the support at $1.30 and $1.10 before trying another leg up.
