Here’s why Ondo Finance crypto could soar 26% soon

The Ondo Finance coin continued its strong rise, reaching an all-time high on Monday, December 16, as Donald Trump’s World Liberty Finance continued its buying spree.

Ondo Finance (ONDO), one of the leading players in the tokenization industry, rose over 327% from its August low to $2.15.

The rally was primarily driven by World Liberty Finance, the platform associated with Donald Trump, which purchased over $250,000 worth of ONDO tokens. These purchases were a continuation of a process that started recently. He purchased $57 million worth of Ethereum, $6.1 million worth of USDC, and $2.3 million worth of AAVE tokens.

WLFI’s portfolio also includes Bitcoin derivatives, Chainlink, Ethena, Grok and REKT. The total value of its assets currently exceeds $83.7 million, according to Nansen.

Ondo Finance’s growth is also driven by the expanding tokenization industry. Data from the website shows that the total value locked in Ondo’s network exceeds $615 million. TVL contains $449 million in assets from the US Dollar Yield tokenized product and $173 million in US Treasury bond tokens.

As demand for Real World Asset tokenization continues, Ondo is jumping in as well. Analysts believe that RWA tokenization will reach $50 billion by 2025 and Ondo will play a pivotal role in this industry.

2025 FORECAST: Tokenized real-world assets (RWAs) will reach $50 billion.

Wall Street is starting to realize that tokenization offers clear advantages. We suspect a huge wave of institutional money is about to flow.

Note: Predictions are not guarantees and… pic.twitter.com/tXnHBYpwKK

— Bitwise (@BitwiseInvest) December 13, 2024

Ondo Finance price analysis ONDO price chart | Source: crypto.news

The daily chart shows that ONDO has maintained a strong uptrend over the past few months. It recently broke above the critical $1.4840 resistance level and completed the upper side of the cup and handle formation.

Ondo also broke through the pivot and reversal point of the Murrey Math Lines at $2. The coin remains above all major moving averages, indicating that the bulls are firmly in control. Additionally, oscillators such as the Relative Strength Index (RSI) and MACD are pointing up.

As a result, Ondo Finance’s price is expected to continue rising; The bulls are targeting the key resistance level at $2.5, which is approximately 25% above the current price. This target is derived from the depth of the cup pattern projected from the break point. However, a decline below the $1.48 support level would invalidate the bullish view.