From a technical perspective, trading in the RWA project Ondo Finance (ONDO) has been relatively calm. Over the past 30 days, the token has fluctuated within a 20% range between $0.86 and $1.11.

After defending its previous monthly low, bulls are now trying to reclaim the key resistance area around $0.98.

With a gain of more than 6% in the past 24 hours, ONDO has emerged as one of the top performers among the 100 largest cryptocurrencies.

Following the July announcement of its acquisition of a SEC-licensed U.S. broker, the project is beginning to show results. On Wednesday, September 3, Ondo Global Markets launched, making over 100 tokenized stocks and ETFs tradable on-chain via the Ethereum blockchain.

If ONDO can continue its recovery and sustainably break through the $0.98–$1.00 resistance zone, the next target will be the previous monthly highs around $1.12 — a level that has acted as a strong barrier several times in 2025.

A dynamic breakout would open the door for a trend continuation toward $1.32. Should bulls push even further, a rally up to $1.47 becomes feasible, improving the odds of eventually challenging the yearly high near $1.64.

On the downside, if ONDO fails to overcome $0.98 or retreats at $1.12, the token could remain stuck in its current trading range. A drop back to the weekly low around $0.87 would be likely. Breaking this support on a daily close could extend the correction toward the July low at $0.75.

If weakness persists, bears may even force a retest of the 2025 cycle lows at $0.66, which represents the maximum downside target from a technical standpoint.

Chart analysis based on ONDO/USD pair on Coinbase
Chart analysis based on ONDO/USD pair on tradingview

A candlestick chart for ONDO highlights key horizontal support and resistance levels. Red and green arrows indicate possible price paths