ONDO has attracted new attention following a strong price movement reflected in recent chart activity. Prominent analyst Neils stated on X that ONDO’s price had broken through a key resistance level and was now undergoing a retest.
This development aligns with a broader market focus on Real World Assets (RWA), a trend gaining traction in the digital asset space. ONDO is among the leading projects associated with this narrative, with ties to institutional names such as BlackRock and exposure through political portfolios, including that of former U.S. President Donald Trump.
ONDO Breakout Above Resistance Zone and Retest
The price chart shared in the tweet shows a breakout above a major resistance zone between $0.91 and $0.93. This level had previously acted as a cap for several days. After the breakout, ONDO price retested the same zone, a move interpreted by market analysts as a resistance-to-support flip. The token continued its upward trend after successfully bouncing from this level, surpassing the $1.00 mark, which is considered a key psychological threshold.
The chart is based on a 1-hour timeframe. Ondo Price action formed a series of higher lows, supported by an ascending trendline that held through several retests. This trendline reflects sustained buyer interest at gradually increasing levels, indicating market strength ahead of the breakout.
RWA Narrative and Institutional Momentum
The RWA narrative is expanding across the crypto industry, with multiple projects seeking to bridge traditional assets and blockchain technology. ONDO is seen as a leading player in this sector. The tweet also referenced ONDO’s connection to BlackRock, a major financial institution, further pushing investor attention toward the token.
Associations with political figures such as Donald Trump have placed ONDO in the spotlight beyond typical crypto communities. These factors, combined with the token’s technical structure, have contributed to heightened market interest.
ONDO Volume and Momentum Indicators
While volume data was not included in the chart, the sharp rally that followed the resistance break suggests strong buying pressure. The price of ONDO moved upward with minimal retracement, a sign of short-term momentum favoring bulls. The candlestick structure following the breakout showed continued strength, indicating that the retest may have served as a springboard for the next leg higher.
Analysts tracking ONDO’s chart patterns have noted this price behavior as consistent with breakout and continuation setups.
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Moreover, the token traded in a sideways range for several sessions before initiating the breakout. Accumulation between $0.79 and $0.93 formed a solid base. The eventual breakout followed by a successful retest adds to the confluence supporting further upside.
Ascending support lines held throughout the accumulation period. The support zone is now being monitored for sustainability as ONDO price attempts to establish a new range above $1.00. Traders are watching closely for confirmation of continued trend strength in the short to medium term.
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