ambcrypto.com
Ondo Finance [$ONDO] surged despite ongoing market uncertainty, raising questions about the reason behind such gains at a time when geopolitical tensions are at their peak and the broader crypto market continues its bearish streak.
At press time, $ONDO rose 15.60% to $0.3415, lifting its market capitalization to $1.85 billion. Investor support for the rally was evident as trading volume surged 196% to $267.44 million.
Why is the $ONDO price rising?
A key driver of this upward momentum appears to be the U.S. Securities and Exchange Commission’s (SEC) recent plan to permit trading of tokenized stocks. In this space, Ondo Finance controls more than 60% of the total tokenized equities market.
In fact, market participants had already begun showing interest and confidence in the project even before the SEC’s plan.
Data from analytics platform DeFiLlama discloses that Ondo Finance’s Total Value Locked (TVL) has witnessed a massive rise in 2026. Since the beginning of the year, the TVL has surged from $1.929 billion to the current $3.689 billion, nearly doubling in less than five months.
This indicates growing investor confidence, rising platform adoption, and increasing capital inflow into the project, which could further strengthen $ONDO’s long-term bullish outlook.
Meanwhile, the top 100 addresses have also increased their Ondo Finance holdings over the past thirty days. Data from analytics platform Nansen reveals that the top 100 $ONDO holders increased their holdings by 1.25%, which further reinforces $ONDO’s bullish outlook.
Despite the bullish outlook, intraday traders are currently eyeing the price to move lower, as per derivatives platform CoinGlass.
At press time, the key liquidation levels stood at $0.376 on the downside and $0.401 on the upside. Traders at these levels had built $2.90 million in long‑leveraged positions and $3.14 million in shorts, signaling a short‑term bearish bias and expectations of a potential correction in $ONDO’s price.
$ONDO’s chart signals another 16% upside move
According to the daily chart, $ONDO appears bullish and is poised to continue its upward momentum in the coming days. The chart reveals that the asset’s recent price recovery originated from the Golden Fibonacci level of 61.80%.
Meanwhile, the current price action suggests that if $ONDO remains above the $0.334 level, it could witness another 16% price jump and potentially reach the $0.4550 level. However, this bullish outlook could be invalidated if the price falls below the Golden Fibonacci level.
At the time of writing, the technical indicator Average Directional Index (ADX) has risen to 43.53, moving above the key threshold, indicating that $ONDO has a strong directional trend.
Final Summary
- Ondo Finance jumped 15.60% over the past 24 hours following the US SEC’s plan to allow the trading of tokenized stocks.
- $ONDO’s TVL, the accumulation by the top 100 addresses, and recent price action suggest that further gains could be on the horizon.