Bulls Defend $0.86, Targeting $1.12 Next

In Brief

• ONDO holds $0.86 support with targets at $0.98–$1.12 amid bullish recovery signs.
• Ondo Finance’s TVL reaches $1.73B, tripling since early 2024, showing strong growth.
• 11.67M ONDO worth $10.87M moved to exchanges, hinting at short-term sell pressure.
  

Ondo Finance’s native token ($ONDO) continues to trade steadily after defending the crucial $0.86 support level, signalling renewed bullish momentum. According to Ali_charts, this price zone has repeatedly acted as a strong demand area, helping ONDO stabilise near $0.96 after recent volatility.

The chart structure shows early signs of recovery, with immediate resistance near $0.98 and a breakout target toward $1.12. A decisive move above $1.00 could confirm the continuation of an uptrend, while a drop below $0.86 would signal renewed selling pressure.

Additionally, ONDO appears to be forming an ascending triangle on the 4-hour chart, often viewed as a bullish continuation setup. The support zone sits between $0.82–$0.84, while resistance lies at $0.88–$0.90, just below the 50-day moving average at $0.8466.

A breakout above resistance could trigger a rally toward $0.97, with an extended target around $1.13, representing potential gains exceeding 30%. However, losing support below $0.82 could invalidate the pattern and drive prices lower toward $0.79. 

At press time, ONDO traded at $0.9189, up 1.02% in the past hour but down 2.89% over 24 hours.

Rising TVL and On-Chain Activity Support Long-Term Strength

According to DeFiLlama, Ondo Finance’s Total Value Locked (TVL) surged to a record $1.728 billion, tripling from $600 million earlier this year. The consistent growth since mid-2024 highlights expanding protocol adoption, rising user confidence, and growing capital inflows across the ecosystem.

Sustained TVL growth often reflects healthy fundamentals and increasing investor participation. Analysts suggest that if momentum continues, ONDO could aim for higher targets near $3 over the medium term.

However, on-chain data from OnchainLens reveal short-term risks as a Gnosis Safe Proxy wallet transferred 11.67 million ONDO ($10.87M) to exchanges. Of this, 3.89 million ONDO ($3.63M) was sent to Arthur Hayes’ Bybit deposit address, while additional tokens moved to Gate and Binance.

Over the past month, 40.77 million ONDO ($41.25M) have been transferred to Hayes’ address, signalling possible profit-taking or distribution. While ONDO’s fundamentals remain strong, persistent exchange inflows could temporarily cap upside momentum near $1.00–$1.12 before a potential breakout attempt.