- Ondo Finance gains 30% as its Total Value Locked surpasses $1 billion.
- ONDO maintains strong bullish momentum, breaking key resistance at $1.20 with projections up to $2.14.
- The market cap reaches $3.514 billion, while 61.2% of tokens remain locked for ten months.
Ondo Finance’s native token, ONDO, has seen a notable surge, climbing approximately 30% recently. The increase comes as the protocol’s Total Value Locked (TVL) attains the $1 billion mark.
ONDO’s Price Rally Gains Momentum
ONDO has been experiencing strong upward momentum, reflecting growing market interest. The token’s price movement aligns with increasing participation in the Ondo Finance ecosystem, which focuses on tokenized assets and structured finance solutions.
This recent price surge of about 30% indicates heightened demand and activity within the project. Market analyst Lucky has observed that a bullish flag formed in mid-2024, leading to a breakout. ONDO price surged before entering a bullish wedge flag.
Another breakout occurred near $1.20, with resistance near $1.48. The projection suggests a potential upward movement towards $2.14, following a retest of the breakout level.
TVL Attains a Key Milestone
According to a recent post on X by Satoshi Club, Ondo Finance (ONDO) recorded a Total Value Locked of $1.005 billion. The market cap stood at $3.514 billion, with 61.2% of ONDO set for unlocking in ten months. ONDO traded at $1.11, bringing its fully diluted valuation to $11.124 billion. The 24-hour trading volume reached $331.81 million, showing increased activity over recent months.
A major factor contributing to ONDO’s price action is the growth in TVL, which is now $1 billion. The rise in locked assets signals increased engagement with the platform’s offerings. Higher TVL generally reflects confidence in a project’s stability and potential, drawing further attention from market participants.
Market observers have identified potential price levels for ONDO in the current cycle, citing a range between $3 and $5. As ONDO maintains upward momentum, these projections remain under close watch. The token’s recent surge and growing TVL continue to shape expectations for its performance in the coming period.
