ONDO Price Jumps 8% Amid Bitcoin Recovery and RWA Catalysts, But Can Buyers Trust the Rally?

ONDO's price has jumped by over 8% in the past 24 hours as Bitcoin and the wider crypto market experience a fresh retracement. After spending more than a week under pressure, buyers have finally been able to push ONDO higher. The current rally looks interesting, but it also raises questions about whether this is just another short-term bounce or if ONDO's fundamentals are strong enough to support a longer-term recovery.

Ondo Finance has one of the clearest real-world asset stories in crypto, and its latest development has strengthened that case. Ondo Global Markets has brought over 430 tokenized US stocks and ETFs to Uniswap, giving users on-chain access to these assets across Ethereum and BNB Chain. The integration also makes it easier for users to discover and trade these tokenized versions of well-known companies like SpaceX, Apple, Tesla, and NVIDIA.

Analyst 2xnmore points out that many market watchers are focusing only on ONDO's recent decline since early June, but the bigger story is the infrastructure being built under the price chart. With over $1 billion in TVL, more than 77,000 holders, and more than $20 billion in cumulative trading volume, Ondo Global Markets now has major distribution.

However, ONDO's price still needs to break above several key resistance levels before it can be considered a strong reversal. The first major struggle is near $0.36, which aligns with the short-term resistance formed by a descending wedge pattern that started in May. A clean break above this level could open the door for a move toward $0.39 and beyond.