Karla Barker 
Ondo ($ONDO) is trading near a critical support zone, with intraday action showing a retest of resistance above $0.26. The token’s price has been stuck in a narrow range below $0.30 since early February, and traders are wondering if growth in the real-world asset (RWA) sector can boost it.
Ondo Finance Powers Tokenized Stocks and ETFs
Ondo Finance has become a major player in tokenized stocks and ETFs, accounting for over half of the sector’s market value. At its peak, the protocol saw over $825 million in total value locked (TVL). It offers more than 250 tokenized US stocks and ETFs, including big names like NVDA, AAPL, SPY, and QQQ.
These assets are available on Solana, Ethereum, and BNB Chain, giving holders cross-chain access through wallets and exchanges like Binance, Bitget, MetaMask, and Ledger. Ondo recently teamed up with Broadridge to allow holders of these tokens to vote on proxies and receive regulatory filings. Additionally, over 260 Ondo-backed products are now listed on the KuCoin Web3 Wallet, showing wider integration into crypto.
Price Lag Despite Protocol Growth
Despite this activity, $ONDO’s price has stayed low, which raises questions about why token price isn’t keeping up with protocol progress. Technically, $ONDO is in a short-term bearish phase, consolidating near $0.26. The daily RSI is neutral, and the MACD signal is negative, pointing to bearish momentum.
Key support is around $0.24 to $0.26. A break below could send the price toward $0.20, while holding above $0.26 might lead to a test of the $0.27 to $0.28 range. Bulls are aiming for $0.30, a level last seen in mid-February. On the weekly chart, RSI is nearing oversold territory, and price is below key moving averages, suggesting exhaustion but also that a breakout above resistance is needed to change the trend.
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Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research.