Ondo ($ONDO) is currently hovering near a critical support zone around $0.26, with traders watching closely as on-chain activity around tokenized stocks and ETFs continues to attract both institutional and retail capital. The token has been stuck in a narrow range below $0.30 since early February, and the big question is whether the broader real-world asset (RWA) sector growth can finally push it higher.
Ondo Finance’s Expanding Footprint
Ondo Finance has grown into one of the largest platforms for tokenized stocks and ETFs, now accounting for over half of the sector’s total market value. At its peak, the protocol’s total value locked (TVL) exceeded $825 million, according to RWA-focused analytics trackers. The platform supports more than 250 tokenized US stocks and ETFs, including major names like NVDA, AAPL, and ETFs such as SPY and QQQ. These assets are available across Solana, Ethereum, and BNB Chain, giving holders cross-chain exposure through major wallets and exchanges like Binance, Bitget, MetaMask, Ledger, and Blockchain.com.
In a recent move, Ondo partnered with Broadridge to allow holders of over 250 tokenized stocks and ETFs to participate in proxy voting and receive regulatory filings. Separately, more than 260 Ondo-backed tokenized products are now listed on the KuCoin Web3 Wallet, signaling broader integration into mainstream crypto infrastructure.
Price Stagnation vs. Protocol Growth
Despite this momentum, $ONDO’s price has remained subdued, which raises questions about the disconnect between protocol-level growth and token price performance. From a technical perspective, the token is navigating a short-term bearish backdrop as it consolidates near $0.26. The daily chart shows the relative strength index (RSI) in neutral territory, suggesting neither overbought nor oversold conditions. The MACD signal line remains negative, indicating lingering bearish momentum.
Key support clusters are around $0.24-$0.26, a decisive zone for both bulls and bears. If the price breaks lower, it could slide toward $0.20. But if it holds above $0.26, a retest of the recent range high near $0.27-$0.28 becomes likely. The ultimate target for bulls is a push to $0.30, a level last seen in mid-February.
On the weekly timeframe, RSI is drifting toward oversold territory, and price is trading below key exponential moving averages. This hints at exhaustion among sellers but also suggests that bulls need a clear breakout above resistance to shift the overall bias. As the RWA sector continues to grow, $ONDO’s price action may eventually catch up with its on-chain achievements, but for now, it remains a waiting game.
