Breaking Down ONDO’s 15% Surge: What Sparked the Price Rally?

ONDO surged 15% fueled by RWA growth and strong on-chain activity.

Partnerships like Trust Wallet integration boosted access to tokenized assets and stocks.

Technical charts suggest potential breakout with price targets near $2.10.

The past week has been remarkable for Ondo Finance — ONDO. The token climbed more than 15% in just a few days. Traders watched the chart light up with bullish momentum, while the ecosystem welcomed new growth in tokenized assets. The market seemed to awaken with renewed energy, giving ONDO a spotlight among rising altcoins. With demand surging and fresh partnerships in play, many now wonder how high this wave can carry.

Tokenized Assets Fuel Momentum

Ondo Finance has quickly become a central figure in the tokenized RWA sector. Over the last week, the total market capitalization of RWA tokens jumped from $67 billion to $76 billion. That kind of growth does not go unnoticed. On-chain value for tokenized assets also passed $29 billion for the first time, a milestone that underscored the sector’s expansion. Ondo contributed strongly to this rise. On September 9, Ondo partnered with Trust Wallet, creating access to tokenized US stocks and ETFs.

Traders can now purchase Apple or Tesla shares directly on-chain through the 1inch aggregator. This move drew global attention and highlighted how DeFi can bridge traditional finance with blockchain-based markets. The project has also grown in total locked value this year. In January, the total stood at $650 million. By September 12, that figure soared to $1.56 billion, according to DefiLlama. Investors noticed the expansion and rewarded ONDO with higher trading activity.

Technical Signals Point to Higher Targets

ONDO’s chart now suggests more than short-term excitement. Analysts highlight a head-and-shoulders bottom pattern forming over 190 days of consolidation. The token currently tests neckline resistance around $1.08. A successful breakout above this barrier could open the path to $2.10, a 100% upside from current levels. Support also remains firm near $1.01.

Holding above this floor could push prices toward $1.23, a six-month high. If momentum continues, $1.40 may also enter the conversation. The setup feels like a storm brewing, with energy gathering before a dramatic release. Institutional interest adds another layer to the story. Back in July, 21Shares filed for a spot ONDO ETF, signaling demand beyond retail traders.

This development could bring wider exposure and a deeper pool of liquidity once approved.The broader market climate for RWA tokens also plays in Ondo’s favor. As tokenized assets become more mainstream, platforms delivering innovation will likely capture sustained attention. Ondo stands in a favorable position to ride this trend. ONDO’s 15% rally reflects more than market noise.

Behind the charts stand strong fundamentals, expanding partnerships, and rising sector momentum. Traders eye the possibility of a breakout that could double the price. With technicals and fundamentals aligning, Ondo Finance looks ready to test new heights.