Ethereum News Today: Institutional Capital Seeks New Playground: ONDO’s Tokenized Treasuries Reach $7 Billion Mark

Ondo (ONDO), a token linked to the real-world asset (RWA) tokenization platform Ondo Finance, has shown signs of a potential upward move following the emergence of a key harmonic pattern. The token, currently trading above $0.91, has rebounded from a support level of $0.85 and is exhibiting bullish signals on the 4-hour chart. The Moving Average Convergence Divergence (MACD) indicator has produced a buy signal, with the blue line staying above the red signal line, supporting a short-term bullish outlook. Additionally, the Relative Strength Index (RSI) has crossed the midline, signaling increased buying pressure and a potential surge toward overbought territory. A falling wedge pattern on the chart suggests an approximate 15% breakout to $1.05 if confirmed, which would represent a significant price move from its current level.

The broader cryptocurrency market has also shown signs of a recovery, with Ethereum (ETH) stabilizing after a brief dip to $4,320. This stabilization has helped lift sentiment across the altcoin market, including ONDO. Ondo Finance, which operates tokenized U.S. Treasuries and money market funds on the Ethereum network, recently reported that tokenized U.S. Treasuries have crossed the $7 billion threshold, with Ondo issuing over $1 billion in assets on the Ethereum blockchain. This aligns with the U.S. Securities and Exchange Commission's (SEC) initiative to unify the trading of traditional securities, tokenized securities, and non-security crypto assets under a single licensing framework. Ondo’s strategy to tokenize real-world assets is gaining traction among institutional investors, offering exposure to short-term U.S. Treasuries and MMFs with instant stablecoin mints and redemptions.

Technical indicators continue to reinforce the potential for an upward move. On the daily chart, ONDO is forming a Bearish Butterfly harmonic pattern, which, while typically associated with a bearish bias, often results in a bullish continuation as the price enters the Potential Reversal Zone (PRZ). The pattern began at $1.1697, with the price correcting to a support level near $0.8762. Ondo is currently trading at $0.9380 and is in the early stages of a potential breakout. A strong reclaim above the 50-day moving average at $0.9738 could serve as support, setting the stage for further gains. If ONDO breaks above the 100-day moving average at $0.8986 and the C-point support at $0.8762, it could potentially target the PRZ between $1.2582 and $1.3708. These levels represent key Fibonacci extensions and are critical for confirming the bullish continuation of the pattern.

Ondo Finance is also preparing to launch over 100 tokenized stocks and Exchange-Traded Funds (ETFs) on-chain, marking a significant expansion of its tokenization platform. This initiative comes amid evolving U.S. crypto regulations and reflects Ondo’s alignment with the SEC’s vision for a unified financial market. The offering targets institutional investors and aims to provide immediate exposure to real-world assets via stablecoin mints and redemptions. This move not only enhances the utility of the ONDO token but also supports the growing trend of on-chain capital markets. As tokenized U.S. Treasuries continue to gain traction, Ondo’s role in facilitating this market expansion is becoming increasingly important.

While the technical indicators and market trends point to a potential upward trajectory for ONDO, traders should remain cautious. The 50-day EMA at $0.91 could serve as a resistance level, potentially slowing the price’s recovery. A failure to maintain support at $0.8762 could also trigger an extended correction toward the $0.85 level. Investors and traders are advised to closely monitor volume patterns and key resistance levels to gauge the strength of the bullish momentum. In a market known for its volatility, confirmation of the harmonic pattern through a sustained breakout and increased trading volume would be crucial for validating the projected 15% upside move.

Source: [1] ONDO eyes 15% breakout ahead of tokenized stocks launch (https://www.mitrade.com/insights/news/live-news/article-3-1088887-20250902) [2] Ondo and Sei Technical Analysis: Harmonic Patterns Hint at Significant Upside Potential (https://cryptodaily.co.uk/news-in-crypto/bitzo:ondo-and-sei-technical-analysis-harmonic-patterns-hint-at-significant-upside-potential) [3] Ondo (ONDO) To Rise Further? Key Harmonic Pattern Hints at Potential Upside Move (https://www.bitget.com/news/detail/12560604936834) [4] Ondo and Sei Technical Analysis: Harmonic Patterns Hint at Significant Upside Potential (https://www.mexc.com/he-IL/news/ondo-and-sei-technical-analysis-harmonic-patterns-hint-at-significant-upside-potential/78776)