HBAR and ONDO Buck Market Downturn as RWA Tokens Show Relative Strength
Hedera (HBAR) and Ondo (ONDO), two real-world asset (RWA) tokens, outperformed Bitcoin amid a broader market pullback. HBAR rose 7.05% to $0.0943 over 24 hours, supported by a 43.15% jump in volume to $137.66 million. Technically, HBAR cleared its 7- and 30-day moving averages; its MACD histogram turned positive. Key levels: pivot at $0.0945, swing target $0.0963, and downside support (50% Fibonacci) at $0.0918. ONDO climbed 5.76% after a month-long 37% decline, with volume up 27% to $62.8 million. Analysts say sustainable volume above ~$60 million is needed to confirm the rebound. Critical support for ONDO sits at $0.24, with lower support near $0.22 if that breaks. The piece highlights how sector rotation and data-driven timing can concentrate market attention on outperforming assets, and notes Outset PR’s data-led approach to aligning narratives with momentum. Outlook: short-term constructive setups for HBAR and ONDO contingent on the support levels and sustained volume; traders should monitor relative strength, volume confirmation, and pivot/support breaks for trade management.
Neutral
The news is neutral overall. It reports short-term strength in two RWA tokens (HBAR and ONDO) while the broader crypto market remains weak. For traders this signals potential trade opportunities based on relative strength and technical setups rather than a market-wide trend change. HBAR’s breakout above short-term moving averages and positive MACD, combined with a large volume increase, provides a credible short-term bullish signal conditional on holding $0.0918; that supports momentum-based long or swing trades with tight stops under the Fibonacci level. ONDO’s rebound is less convincing — volume picked up but must remain above ~ $60M to confirm; its prior 37% drop makes it higher risk and suitable for tactical mean-reversion trades or short-term scalps with strict risk limits. Historically, sector- or token-specific divergences during market drawdowns can produce short-lived rallies (e.g., USDC/fiat-linked assets or specific DeFi tokens during risk-on windows) that reverse if macro pressure resumes. Therefore, the likely market impact is limited: these moves may attract capital rotation into RWA but are insufficient to lift the broader market without wider liquidity and risk sentiment improvement. Traders should watch volume sustainability, relative strength versus BTC, and the named support/pivot levels to determine trade entry, sizing, and stop placement.