- $ONDO faces strong resistance at $1.15, key breakout level.
- Ondo Finance ranks third in RWA platforms, $1.4B market cap.
- J.P. Morgan pilot with Ondo highlights rising institutional adoption.
Ondo Finance’s token ($ONDO) is trading within a tight range. Crypto analyst Ali Martinez highlighted $1.15 as a strong resistance zone for $ONDO. He stated that traders should monitor this barrier closely.
According to his chart, the token has been unable to establish momentum above that threshold. Martinez said failure to break past $1.15 could lead to renewed downward pressure.
At the same time, a clean breakout might open the door to higher targets. The token recently tested lower support levels around $0.89, suggesting uncertainty remains within the range.
Ondo Finance’s Position in the RWA Market
Ondo Finance has become the third-largest platform in the real-world asset (RWA) sector. The project has a market cap of $1.4 billion, ranking behind Securitize, which has a market cap of $3.4 billion, and Tradable, which has a market cap of $2.1 billion.
Other participants in the RWA segment include Paxos, WisdomTree, Tether, and Franklin Templeton. Market watchers emphasized that Ondo’s rise comes ahead of its upcoming OGM product launch.
Supporters believe this momentum could position Ondo as a leading RWA platform by the end of the year.
J.P. Morgan’s Pilot with Ondo Finance
Ondo Finance extended through a collaboration with J.P. Morgan’s blockchain unit, Kinexys. The bank completed a cross-chain delivery-versus-payment (DvP) pilot with Ondo Finance and Chainlink.
Reports said the test demonstrated how Kinexys’ settlement rails can connect with the digital asset ecosystem. Nelli Zaltsman, Head of Platform Settlement Solutions at Kinexys, told CNBC the pilot was an important step for integration.
She highlighted the role of interoperability between traditional finance and blockchain-based platforms. The trial underscored how banks and digital asset providers are exploring new settlement structures.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
