The recent push by the SEC to tokenize real-world assets (RWA) definitely had an effect on Ondo Finance. The crypto firm, which specializes in tokenizing traditional financial instruments like U.S. Treasuries and bonds, has seen a surge in both attention and market value.
On June 17, Coinbase confirmed its long-standing efforts to bring tokenized equities to U.S. markets by formally requesting authorization from the Securities and Exchange Commission (SEC).
The U.S. Securities and Exchange Commission has been pushing for a switch in stance for tokenized assets, especially since Paul Atkins took over as SEC Chair in April 2025.
And Ondo Finance, a company that specializes in tokenizing real-world assets, potentially has a lot to gain from this new shift in the cryptocurrency sector.
In fact, the proof may as well be in the pudding. While digital assets had a relatively slow month in June, the total value locked of the RWA sector has surged by 3.2%. On a year-to-date basis, RWAs have grown in value from $8 billion on January 1st to the current $12.81 billion, marking a 60.13% increase in total value year-to-date.
ONDO On The Verge of a New Rally?
$ONDO reached as high as $0.80 throughout the day, seeing a massive 8% increase in value in just 24 hours. At this time, the currency is valued at $0.7952, with a market capitalization of $2.51 billion.
Today’s push has once again allowed buyers to compete for the $0.80 zone, a key technical analysis zone that has preceded all $ONDO rallies since March of 2024.
If bulls manage to break above that zone, a new rally towards $1.00 is not out of the question, even in the short term.
RSI on a daily timeframe is currently at 50 points, meaning that price is still trading far away from “overbought” levels. Meanwhile, the MACD shows a continuation of bullish sentiment as moving averages grow farther from each other, while the current bullish histogram bar keeps printing higher highs — a signal that momentum is building rather than fading.
Needless to say, macro risks are still hovering over the crypto space. Donald Trump’s July 9 deadline for tariff deals is coming closer, and while the President has reported closed deals with countries like Vietnam and the United Kingdom, the fact of the matter is that most of the leading economies, including Japan and the European Union, remain without a deal.
It still hasn’t reached the levels typically needed to confirm a clean breakout above the $0.80 resistance zone. Without a stronger surge in trading activity, this level may continue acting as a ceiling rather than a launchpad.
If succesfull, the next likely barrier will be at $0.87, followed by the psychological $0.90 resistance zone.
Finally, if bulls want to push ONDO closer to the $1.00 mark, they’ll need to bring in heavier volume — ideally matching or close to the $200M+ seen during the May rally. Until then, the setup looks promising, but not yet decisive.
Quick Recap
- $ONDO is retesting the key $0.80 resistance level, which has marked the start of all major rallies since March 2024.
- The asset jumped 8% in 24 hours, reaching a high of $0.80, with the current price hovering near $0.7952.
- Technical indicators are still in bullish territory: RSI sits at 50 (neutral), and MACD shows widening averages with higher histogram bars.
- Volume is still below the breakout threshold seen in May ($200M+), suggesting the move isn’t confirmed yet.
- Without stronger volume, $0.80 may continue acting as a ceiling. Bulls need a decisive push to open the door to $1.00.
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