ONDO Just Bounced 88% — Here Is What the Chart Shows Now





 ONDO Finance is back in the conversation. After months of sliding lower from its late-2024 peak near $2.14, the token printed an 88% bounce from a low near $0.20 that has traders paying attention to the weekly chart again.

Crypto trader CryptoPatel flagged the move this week, pointing to a bullish order block near $0.20 on Binance's weekly ONDO/USDT perpetual chart. That level had been tested twice before. This time it held with significantly higher volume, and the resulting candle is the strongest the chart has shown since last year.

The setup he outlined has three targets above current price — roughly $1.04, $2.05, and a potential new all-time high near $5.50. But none of those levels are in play until ONDO clears resistance between $0.60 and $0.65. That zone has rejected the token multiple times in 2026. Breaking above it would change the structure of the chart entirely.

The fundamentals are also moving. On May 6, Ondo Finance completed the first near real-time cross-border redemption of a tokenized U.S. Treasury fund alongside JPMorgan's Kinexys, Mastercard, and Ripple. The transaction settled in under five seconds on the XRP Ledger, outside traditional banking windows. The protocol's total value locked already crossed $3 billion in April 2026.

The counterargument is token supply. Nearly 6 billion ONDO tokens are still scheduled for release between 2026 and 2029. Each unlock has historically added sell pressure to the price. The January 2026 unlock triggered a double-digit drop before the $0.20 zone caught the fall.

So the setup is real but not without risk. The chart is showing the first signs of structural recovery. The RWA narrative behind the token is gaining institutional credibility fast. Whether buyers can absorb ongoing supply and push price through the critical resistance is what the next few months will answer.

For the full technical breakdown, chart analysis, and what the JPMorgan pilot means for ONDO's price trajectory, read the complete article at CryptoNewsLive.org.

The token is trading near $0.37. The line in the sand is $0.60. Everything else is noise until that level is tested.

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