ONDO partners with Franklin Templeton: Is now the time to buy?

Can ONDO reignite a rally after this technical rejection?

Currently trading in a tight price range between $0.23 and $0.28 for several weeks, ONDO is showing signs of resilience. After bouncing off the $0.242 support, buyers have attempted to rebuild a short-term bullish structure. However, the market remains extremely volatile and uncertain. A daily order block has formed below the price, potentially offering solid support and a long-term accumulation zone.

Technical analysis reveals a fierce battle between buyers and sellers. During its recent climb, the price tested the critical $0.291 resistance. This test resulted in a sharp rejection, confirming that sellers remain active and are currently blocking any breakout attempt. This reaction highlights a persistent oversupply above the current price.

Despite this short-term bearish momentum, the fundamentals remain solid. Demand for RWAs continues to grow exponentially. These institutional capital inflows could act as a powerful catalyst, giving ONDO the necessary fuel to absorb selling pressure and initiate a major bullish retracement.

Furthermore, the weekly RSI has reached the oversold zone. If a bullish divergence forms on this RSI, it would be an entry signal to watch closely. On the other hand, for now, the CVD does not indicate significant volumes, which confirms this indecision and uncertainty.

How high can ONDO’s price go?

Two scenarios are emerging for traders in the coming days. In a bullish scenario, if buying volumes manage to break the $0.291 resistance, ONDO could quickly target the daily order block around $0.45, representing a surge of nearly 60%. A close above the psychological $0.300 zone would invalidate the current bearish structure and pave the way toward this area.

Conversely, if the correction continues and the $0.242 support breaks, the token would be exposed to a deeper drop. Momentum indicators, such as the RSI and CVD, will need to be closely monitored to confirm the strength of the trend. The key lies in the evolution of trading volumes.

However, this will largely depend on Bitcoin and the state of leading altcoins like Ethereum. A Bitcoin drop below $50,000 could drag ONDO down to between $0.17 and $0.14. This represents a 30% plunge.

Is it a worthwhile long-term investment?

At these levels, a long-term DCA strategy on ONDO remains a choice offering a good risk/reward ratio. Indeed, tokenization and RWAs remain the biggest crypto narratives alongside AI and stablecoins. And ONDO remains one of the frontline leaders in this space.

In fact, two weeks ago, the total on-chain market cap of RWAs reached an ATH of $22 billion. With the explosion of tokenized stocks and precious metals, ONDO could attract significant capital during the next crypto rally.

However, it is important to remain cautious with a small initial allocation, as the market context remains volatile and uncertain. From a historical perspective, Bitcoin is expected to find a bottom by the fourth quarter of 2026, leaving plenty of time for observation.

Weekly bullish divergences on the RSI and CVD will be key signals to watch for an optimal entry.

But the recent announcement of the partnership with financial giant Franklin Templeton ($1.7 trillion in assets under management) is a testament to the long-term potential of ONDO. It is arguably among the top 3 cryptos in the RWA sector, notably alongside Chainlink. And it is worth remembering that it is during these phases when the price stagnates and attention fades that the silent accumulation of smart money takes place.

Sources:

• X Cointelegraph
• AMBcrypto
• Tradingview

Related Articles:

• Why crypto whales are buying Tether Gold (XAUT) despite a 20% crash
• Nasdaq-100: 100 days below All-Time High – Is crypto next?
• 25% of institutions plan to add XRP to their portfolios by 2026