Ondo Finance coin has been on a remarkable rally, hitting an all-time high on December 16th, thanks to the buying spree from Donald Trump’s World Liberty Finance. The surge saw Ondo Finance (ONDO) reaching $2.15, marking a whopping 327% increase from its low in August.
The driving force behind this rally was the significant purchases of ONDO tokens by World Liberty Finance, a platform associated with Donald Trump. The platform acquired ONDO tokens worth over $250,000, adding to its recent purchases of Ethereum tokens worth $57 million, USDC worth $6.1 million, and AAVE worth $2.3 million. Currently, World Liberty Finance’s total holdings exceed $83.7 million, including various assets like Bitcoin derivatives, Chainlink, Ethena, Grok, and REKT.
Ondo Finance’s growth is further fueled by the expanding tokenization industry, with data from its website showing a total value locked in Ondo’s network exceeding $615 million. This includes $449 million in assets from its US Dollar Yield tokenized product and $173 million from its US Treasuries tokens. The demand for Real World Asset tokenization is also on the rise, with analysts predicting that the RWA tokenization industry will reach $50 billion in 2025, positioning Ondo as a key player in this sector.
Looking at the price analysis, the daily chart for ONDO indicates a strong uptrend over the past few months. The coin recently broke above a critical resistance level at $1.4840, completing the upper side of a cup-and-handle pattern. ONDO has also surpassed the pivot and reverse point of the Murrey Math Lines at $2, remaining above all major moving averages, signaling bullish control. Additionally, indicators like the Relative Strength Index (RSI) and the MACD are pointing upwards.
As a result, the price of Ondo Finance is expected to continue rising, with bulls eyeing the key resistance level at $2.5, representing a 25% increase from the current price. This target is derived from the depth of the cup pattern projected from the breakout point. However, a drop below the support level at $1.48 would invalidate the bullish outlook.
In conclusion, Ondo Finance’s impressive rally, fueled by strong buying activity from World Liberty Finance, coupled with the growth in the tokenization industry and the demand for Real World Asset tokenization, positions the coin for further success in the future. As investors keep a close eye on Ondo Finance’s performance, the bullish trend is expected to continue with key resistance levels in sight.