2025-3-19 14:30 |
Ondo Finance is experiencing growth in the tokenized Treasury market, with multiple analysts highlighting its potential. Merlijn The Trader pointed out that tokenized Treasuries have reached $4 billion, with Ondo Finance leading this expansion.
According to Merlijn, Ondo Total Value Locked (TVL) has increased by 57% this month alone, making it the largest tokenized Treasuries platform. This rapid growth in Real World Assets (RWA) adoption signals a significant shift in the market that investors should be monitoring closely.
MASSIVE GROWTH FOR ONDO FINANCE!
Tokenized Treasuries just hit $4B, and $ONDO is leading the charge!
TVL up 57% this month
Now the largest tokenized Treasuries platform!
RWA adoption is accelerating FAST. Are you paying attention? pic.twitter.com/iRf2Tcz7lY
Cryptogenous, another crypto analyst, has provided a technical analysis suggesting an imminent breakout for ONDO price with a target of $3.10, which is around a 3.5x spike from the current price. The analysis notes that ONDO has dropped to a key trendline as anticipated and shown strong buying reaction at this level.
Cryptogenous expects ONDO price to retest this support level, hold it, and then reverse to the upside, potentially reaching the 1.618 Fibonacci level at approximately $3.
The analysis emphasizes that ONDO token appears significantly undervalued at current prices, offering an attractive risk-to-reward ratio for investors. Cryptogenous notes that previous instances of ONDO touching this trendline have resulted in 300% price increases, reaching the 1.618 Fibonacci target.
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For those interested in entry strategies, Cryptogenous suggests either dollar-cost averaging into a position in the current price region or waiting for a confirmed breakout before entering. A clear invalidation point exists at $0.59—if the price drops below this level, it would signal a potential downtrend.
However, Cryptogenous maintains that ONDO remains in an uptrend on higher timeframes and doesn’t anticipate prices falling much lower from current levels.
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The post Ondo Finance Sees Massive Network Growth—Is This Recurring 3x Price Surge Next? appeared first on CaptainAltcoin.
origin »Wish Finance (WSH) на Currencies.ru
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