Ondo Finance (ONDO) Eyes $1.15 Recovery as TVL Hits New All-Time High

By Edited By Ammar Raza,
Add as a preferred source on Google

What to Know

  • Crypto analyst CryptoED recently pointed out that the Ondo Finance total value locked (TVL) has set an all-time high, despite the broader market tanking.
  • Also Read | Polkadot Price Prediction: Falling Wedge Signals a Possible Rally to $15.50
  • The sentiment of the community is strong optimism, and 86% voters are bullish on ONDO.
ONDO
  • Ondo Finance (ONDO) total value locked reaches an all-time high, showing strong market resilience.
  • Maintaining key support at $0.67 could drive the ONDO price toward $1.15 target soon.
  • Investor sentiment remains overwhelmingly bullish, with 86% of participants confident in ONDO’s future.

Ondo Finance (ONDO) is showing resilience despite the crypto market facing pressure. Its total value locked (TVL) has recently reached an all-time high, which is an indication of firm underlying activity. Analysts believe that, provided key support is maintained, the price of ONDO can be due for a strong recovery.

At the time of writing, Ondo Finance (ONDO) is trading at $0.7113, with a 24-hour trading volume of $182.21 million and a market capitalization of $2.25 billion. Over the last 24 hours, the ONDO price has risen by 1.46%, showing resilience despite the broader market’s decline.

Source: CoinMarketCap

Ondo Finance Recovery Signal From TVL

Crypto analyst CryptoED recently pointed out that the Ondo Finance total value locked (TVL) has set an all-time high, despite the broader market tanking. “I’m just saying, price tends to follow TVL when the market is bullish,” CryptoED said, citing the fact that the existing TVL data would translate to an estimated price of $3.6 if the trend is to persist.

Source: X

Ondo Finance Holds Key Support Level

At the same time, the other analyst, Ali Martinez, highlighted the fact that provided ONDO remains further than $0.67, the token has the potential to head on the road to the $1.15 target. That provides market observers and investors with an important supporting level to watch for moving forward.

Source: X

With ONDO firm on its TVL and remaining firm above key support, the altcoin may gain new interest since market players are looking to spot potential reversal zones.

Also Read | Polkadot Price Prediction: Falling Wedge Signals a Possible Rally to $15.50

Strong Bullish Sentiment on ONDO

The sentiment of the community is strong optimism, and 86% voters are bullish on ONDO. This suggests that the majority of participants do believe the future is up for ONDO and anticipate further market strength.

Source: CoinMarketCap

At the same time, just 14% are bearish, revealing little anxiety about risks to the downside. A large gap to the bears suggests increasing optimism among investors and strong faith in the price strength of ONDO.

Also Read | Sei (SEI) Price Outlook: Triangle Pattern Hints at Major Move Toward $0.75

Zagham Abbas

Zagham Abbas

Zagham Abbas is a Blockchain Infrastructure Reporter at Tron Weekly with over five years of experience covering cryptocurrency markets, blockchain infrastructure, and digital asset regulation. His reporting focuses on core blockchain networks, protocol-level developments, decentralized finance ecosystems, and major assets such as Bitcoin, Ethereum, and altcoins.
Zagham covers network upgrades, protocol changes, scalability developments, security incidents, and ecosystem adoption across leading blockchain platforms. He also provides market analysis, explaining how infrastructure updates and regulatory actions impact digital asset markets. His work delivers clear, fact-based reporting for both beginners and experienced readers. He holds a Bachelor of Arts degree and follows strict editorial and fact-checking standards at Tron Weekly.

Articles: 1143

Related Posts