- ONDO defends $0.86 support for the fourth time, triggering a bullish price reaction.
- TVL in Ondo Finance surges past $1.728 billion, hitting a new all-time high.
- MACD crossover and RSI at 57 hint at strong buying momentum and trend continuation
ONDO is trading at $0.9311 after reclaiming key support at $0.86, showing strong weekly gains of 5.01%. Despite a slight daily dip, bullish momentum builds as TVL hits record highs, positioning ONDO for a potential breakout toward $1.12.
ONDO Finds Its Footing at $0.86, Targets $1.12 Resistance
ONDO/USDT price action is setting up for a potential breakout as the token continues to hold above a critical support zone. According to technical analyst Ali Martinez, ONDO bounced sharply from the $0.86–$0.87 area for the fourth time, confirming it as a strong accumulation level.
The price surged past $0.95 following the bounce, signaling renewed bullish strength. Immediate resistance lies at $0.98 — a key horizontal barrier. A breakout above this could open the path toward $1.06 and eventually $1.12, which marks the current range high.
This setup resembles a classic double bottom breakout pattern, with higher lows reinforcing trend reversal. A dotted projection on the 12-hour chart suggests possible short-term consolidation under $0.98, followed by continuation toward higher levels.
Technical indicators support this outlook.The MACD has formed a bullish crossover, while the RSI sits at 57.06 — indicating moderate bullish momentum without being overbought.
TVL Hits All-Time High, Strengthening Bullish Case
Backing this technical setup is a sharp rise in Ondo Finance’s fundamentals. Data from DeFiLlama shows the protocol’s Total Value Locked (TVL) has hit a new all-time high of $1.728 billion as of October 2025.
Such TVL growth often reflects rising trust in the platform and increased utility. Historically, strong TVL inflows align with positive price action, lending further support to ONDO’s technical breakout scenario.
Price Lags as Market Cap Stabilizes Near $2.9B
While the TVL accelerates, the ONDO token price has been consolidating between $1.00 and $1.20. This divergence suggests the token might be undervalued compared to the protocol’s rapid growth.The market cap chart reflects similar behavior. From September 30 to October 6, ONDO’s valuation climbed from under $2.8 billion to a peak above $3.1 billion, before cooling off to $2.9 billion. This consolidation could act as a launchpad if momentum continues.
