- ONDO breaks the triangle pattern, showing bullish momentum and rising volume.
- BNB Chain expands RWA access through tokenized equities and ETFs.
BNB Chain has formed a partnership with Ondo Finance to expand tokenized real-world assets (RWAs) within its ecosystem. BNB Chain recently announced in a blog post by Ondo that its alliance with Ondo Finance will introduce a wide range of tokenized U.S. investment products to its network. Finance
According to Sarah S, Head of Business Development at BNB Chain, the partnership will help global users access diversified financial instruments more easily. The integration will include U.S.-based equities, ETFs, and institutional-grade funds, allowing these assets to operate within a decentralized framework.Â
Ondo’s Global Markets Alliance, which BNB Chain is now part of, brings together exchanges, wallets, and infrastructure firms to create standardization and regulatory safeguards in the tokenized asset space.
Nathan Allman, CEO of Ondo Finance, said the partnership leverages BNB Chain’s global user base and strong developer ecosystem. He noted that these advantages position BNB Chain as a practical environment for building onchain capital markets. This collaboration reflects the broader movement toward merging traditional financial instruments with blockchain technology.
ONDO Token Breaks Out, Targets $1.60 on Bullish Momentum
The ONDO token recently broke above a descending triangle pattern, indicating a potential bullish reversal. Analyst Ali Martinez shared on TradingView that the daily close above $0.87 confirmed the breakout.
ONDO was trading near $0.925 on July 14, 2025, with bullish momentum supported by Fibonacci extension levels. The chart suggests a price target of $1.60 if upward pressure continues.
This breakout signals renewed investor interest following months of price consolidation. Martinez pointed to technical indicators showing increased volume and improving sentiment as reasons for the bullish forecast.
Bearish RSI Divergence Points to Near-Term Caution
Despite the breakout, the short term looks weak. On the 4-hour chart, ONDO is at $0.9102 and making higher highs but lower RSI highs. This is a bearish divergence, and the RSI is now at 55.66, down from overbought levels. The momentum is decreasing.
If ONDO breaks the trendline, it will enter a corrective phase. The $0.87 is the key support zone. Wait for the RSI and trendline to confirm before opening new positions.
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.
