The ONDO price is witnessing 12% fresh momentum intraday as technical and fundamental drivers align. Also, an ongoing breakout from a key symmetrical triangle pattern has boosted optimism far greater now, with immediate targets seen at $3.70 to $4.00 soon.
The elevated excitement stems from the recent launch of ONDO Global Markets, a significant step in tokenizing traditional finance on-chain and boosting adoption at an accelerated rate.
According to the ONDO Finance price chart, the token has broken out of a symmetrical triangle, and the current consolidation is happening outside the pattern, which still counts as its ongoing breakout.
Now, increased bullish factors are showing signs of their bullish breakout to explode this time.
During intraday hours, the ONDO price today has surged 12% to $0.97 from $0.86, finding support along an important short-term upward trendline. This technical setup suggests increased demand could fuel further upward moves in the sessions to come.
Adding to the technical momentum, the biggest breaking news of ONDO has attracted all crypto enthusiasts. As it launched “ONDO Global Markets,” enabling users to access over 100 tokenized stocks and ETFs directly on Ethereum.
Starting September 3, which happens to be today, the traders can exchange “xSTOCKs” tokens, which are said to be directly backed 1:1 by public equities such as Apple, Nvidia, and more. These simplifications are much like stablecoins, as these tokens would be freely transferable across DeFi, bridging traditional markets with blockchain technology.
This move positions ONDO crypto as a potential frontrunner in tokenized assets, giving global investors access to financial products without traditional barriers.
Such innovation fuels optimism that ONDO could become a key gatekeeper if traditional finance increasingly migrates on-chain.
The response to this debut has already reflected positively in trading activity today.
Now, analysts have labeled the fundamentals of ONDO as “GOAT-level,” pointing to both adoption potential and technical strength in RWA sector.
Some forecasts even suggest a bold upside, with ONDO price prediction scenarios pointing toward an ambitious $6.50 in the next bullish wave.
Meanwhile, short-term forecasts remain constructive as the breakout aligns with strong demand and adoption catalysts.
That said, if the current momentum holds, only then the ONDO price forecast see continuation beyond near-term targets, carving a path toward higher valuations.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Following the Bitcoin price plunge below the crucial support at $84,000, driven by bid-side liquidity…
After weeks of weakness and a sharp 22% drop in the last month, the popular…
The long-running debate between Peter Schiff and Michael Saylor has exploded again after Strategy Inc…
The latest drop in the Bitcoin price has surprised the traders, as they were expecting…
While XRP builds toward a potential breakout, SolStaking offers a reliable way to earn steady…
Bitcoin (BTC) has performed peculiarly in the last week of November, with its dominance falling…
