Ondo Finance ONDO Eyes 350% Rally to $3.10 with Treasury Tokens
Crypto analyst Bitcoinsensus forecasts Ondo Finance’s ONDO token could surge 350% from around $1 to $3.10 based on Elliott Wave theory, expecting a third-wave rally. Ondo Finance dominates the tokenized U.S. Treasuries market, managing about $1.25 billion—over 80% share of a $7.43 billion sector up from $100 million in 2023. Its products USDY and OUSG hold $250 million on Solana, with expansion to XRP Ledger and institutional tie-ups with BlackRock and JPMorgan. Stablecoins like USDT and USDC also underpin $200 billion in Treasury demand, bolstering real-world asset (RWA) growth. ONDO’s on-chain activity and TVL ($1.39 billion) are rising, while technicals show price breaking above key moving averages and RSI at 66. Critical resistance levels lie at $1.20, $1.50, and $2.15. Risks include U.S. Treasury yields, competition, regulatory shifts, and technical support failure.
Bullish
Ondo Finance’s strong fundamentals and technical breakout support a bullish outlook. Its 80% market share in the rapidly expanding $7.43 billion tokenized Treasuries market, partnerships with major firms, and rising on-chain metrics underpin the analyst’s 350% rally prediction. The recent price surge above the 20-, 50-, and 100-day moving averages and an RSI reading of 66 indicate healthy upward momentum with room for growth before overbought levels. In the short term, surpassing key resistances at $1.20, $1.50, and $2.15 could trigger rapid gains. Over the longer term, sustained stablecoin demand and clearer regulations for real-world assets could drive ongoing capital inflows into Ondo Finance. However, traders should monitor U.S. Treasury yields, competitive alternatives, and regulatory shifts as potential headwinds.