Bulls Defend Key Support Amid RWA Surge — Is ONDO Ready to Break $1.20?

ONDO price rebounds strongly from mid-channel support, signaling buyer confidence.

Ondo Finance’s TVL hits $1.57B, fueled by tokenized Treasuries and stock offerings.

Price nears critical resistance; a breakout could push ONDO toward $1.40–$1.60.

ONDO bounced off crucial mid-channel support, rallying toward key resistance near $1.20. Fueled by strong real-world asset growth and rising TVL, the stage is set for a breakout that could ignite the next big surge.

Buyers Step Up as ONDO Tests Resistance

After touching the middle of its rising channel, ONDO quickly recovered with strong buying interest. This mid-channel level, respected since March 2025, has proven to be a solid floor for the price.

Currently trading at $1.12, ONDO has gained more than 3% in the last 24 hours and over 23% in the past week.The price is pushing against the upper resistance near $1.20 — a hurdle it must clear to confirm strength.

Alpha Crypto Signal notes that a clean break and daily close above this $1.20 level would turn the market sentiment fully bullish. That could open the door for ONDO to reach $1.40 to $1.60 soon.

Current price is above both the 9-day EMA ($1.01792) and 50-day SMA ($0.96730) reinforcing the bullish momentum.

Ondo’s Growth Fueled by Real-World Asset Tokenization

This rally is driven not only by price action but also by Ondo’s rapidly expanding ecosystem. The newly launched Ondo Global Markets platform attracted over $160 million in assets within days, offering tokenized access to stocks and ETFs like Tesla, Nvidia, and Google.

Ondo is tapping into the $26 billion real-world asset (RWA) tokenization market, helping investors worldwide gain exposure to traditional equities on the blockchain — especially those usually locked out of U.S. stock markets.

This growth shows in Ondo’s TVL, which soared from $563 million earlier this year to $1.57 billion.Ondo’s launch of a dedicated blockchain optimized for tokenization further strengthens its position in a sector set to grow exponentially.

Market Cap Surge Highlights Investor Interest

Between September 7 and 9 ONDO's market cap jumped from just under $2.80 billion to more than $3.40 billion, adding $600 million in a week. Sharp spikes suggest big players are accumulating the asset.

Source: CoinMarketCap

This points to a market preparing for a potential breakout, but with short-term volatility likely but overall bullish momentum intact.

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