Deep Dive
1. RWA Adoption & Product Launches (Bullish Impact)
Overview: Ondo launched its on-chain U.S. equities platform on September 3, enabling tokenized exposure to 100+ stocks/ETFs (Ondo Finance). This followed CertiK’s mid-2025 report naming Ondo a top RWA protocol with $1.3B TVL.
What this means: Tokenized RWAs are crypto’s fastest-growing sector ($26B market), and Ondo’s focus on compliant, yield-bearing assets (e.g., U.S. Treasuries) attracts institutional capital. The equities expansion diversifies its product suite, directly linking demand for ONDO to TradFi-DeFi convergence.
What to look out for: Weekly inflows into Ondo’s USDY (yield-bearing stablecoin) and partnerships with institutions like JPMorgan’s blockchain division.
2. Technical Momentum (Mixed Impact)
Overview: ONDO broke above its 7-day SMA ($0.922) and 30-day EMA ($0.938), with the MACD histogram turning positive for the first time since August 28.
What this means: Short-term traders are reacting to the bullish crossover, but the 30-day SMA ($0.954) remains a resistance. The RSI (53.7) suggests room for upside before overbought conditions.
Key levels: A close above $0.954 could target $1.05 (23.6% Fibonacci), while failure to hold $0.90 may retest $0.86 support.
Conclusion
Ondo’s 24h rally reflects a blend of sector tailwinds (RWA growth), product innovation, and technical repositioning after a 30-day correction. While bullish momentum is building, the token faces overhead resistance from its 30-day average and a still-neutral market-wide sentiment.
Key watch: Can ONDO sustain volume above $168M (current 24h level) to confirm institutional accumulation?