Key Insights
-
ONDO holds above key Fibonacci support as buyers absorb selling pressure, maintaining higher lows and signaling steady demand despite broader altcoin weakness.
-
Partnership with Franklin Templeton expands access to tokenized ETFs, strengthening ONDO’s role in institutional real-world asset adoption and capital inflows.
-
Rising demand for yield-based assets pushes Ondo’s distributed asset value beyond $2.65 billion, supported by consistent transfers and sector growth above $12 billion.
ONDO traded near $0.277 after rebounding from $0.242, where buyers stepped in and absorbed strong selling pressure. Consequently, the token rebuilt its short-term structure and signaled steady demand despite wider market hesitation.
As the price moved higher, it tested the $0.291 resistance zone, which triggered a sharp rejection as sellers defended that level. However, the pullback toward $0.279 reflected profit-taking rather than a breakdown in structure.
Fibonacci Level Guides Short-Term Trend
The price continues to hold near the 23.6% Fibonacci level at $0.2799, which now acts as immediate support for buyers. Moreover, this level signals that higher lows remain intact while range control stays with demand.
If this support weakens, the price could slide toward $0.2668, followed by deeper levels near $0.255 and $0.242. Hence, sustained selling pressure may shift the short-term structure into a broader retracement phase.
Momentum Signals Market Indecision
The relative strength index hovered near 56, indicating neutral momentum and limited directional conviction among traders. Additionally, this reading aligns with recent price action that shows a balance between buyers and sellers.
Source: TradingView
A move above $0.291 could open the path toward $0.305 and $0.315 as buyers attempt to extend gains. However, failure to reclaim this zone may keep the price confined within its current range.
Franklin Templeton Deal Strengthens Narrative
Ondo Finance advanced its real-world asset strategy through a partnership with Franklin Templeton to tokenize five exchange-traded funds. Significantly, this move expands access to about $1.7 trillion in managed assets through blockchain infrastructure.
This development reflects a broader shift where institutional capital targets tokenized assets offering consistent returns rather than speculative exposure. Moreover, ONDO continues to hold near resistance as demand absorbs supply instead of fading.
RWA Growth Drives Capital Rotation
Yield-focused products such as USDY climbed to about $1.337 billion, while OUSG held near $681 million, reinforcing steady inflows. Consequently, Ondo’s distributed asset value surpassed $2.65 billion, supported by strong monthly transfer activity.
Tokenized Treasuries have now exceeded $12 billion across the sector, signaling sustained institutional participation. Additionally, this trend positions ONDO to capture further inflows as demand for blockchain-based yield products continues to rise.
Price stability near resistance suggests controlled accumulation as buyers maintain positions while absorbing sell orders. Hence, sustained bids could support gradual upside if broader market conditions stabilize in the coming sessions. Trading volumes remain consistent across sessions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC rises 0.69% over 15 minutes: spot buy-side strength and sustained whale accumulation on-chain reinforce the move
From 14:30 to 14:45 (UTC) on 2026-04-17, the Bitcoin (BTC) market saw clear signs of abnormal movement. The 15-minute candlestick return reached +0.69%, with the price ranging from 77455.4 to 78044.4 USDT and an amplitude of 0.76%. Short-term fluctuations increased market attention, trading volume expanded in parallel, and liquidity improved further.
The main driver behind this abnormal move was a clear strengthening of spot-market buy-side demand. According to on-chain and statistical data, from 14:00 to 15:00, BTC spot buys had the upper hand. Massive buy orders continued to push the price higher, while whale addresses (≥10,000 BTC holdings) were actively net-buying during this period. The inflow of large on-chain funds directly drove spot prices higher. In addition, CME Bitcoin futures open interest increased by 70%, yet there was no large-scale liquidation or forced selling, indicating that institutional capital was returning in an orderly manner and that futures leverage did not become the dominant source of pressure. The leading force behind this upswing came from the spot market, and any wait-and-see sentiment caused by shrinking ETF flows did not suppress short-term prices.
Meanwhile, on-chain data shows that network activity has continued to rise, and the distribution of holdings is becoming more concentrated. In the short term, the coordinated effect of whales and newly onboarded users amplified price elasticity. Benefiting from an increase in macro risk appetite in mid-April—along with dovish signals from the Bank of Japan coinciding with easing geopolitical tensions—BTC’s attractiveness as a risk asset improved, and investors’ risk appetite strengthened. In addition, although ETF net inflows fell to $4.2 million, there were no large outflows, providing bottom support for spot. Multiple factors converged to drive BTC’s short-term rebound within the 15-minute window.
It is worth noting that the SOPR data for short-term holders shows that some short-term capital is currently trading at a loss; if the price pulls back, there may be a risk of additional downside. Changes in institutional capital driven by shrinking ETF flows are also a potential trigger for volatility. The return of leveraged funds to the futures market is also worth watching. Investors should closely monitor key support levels, the movements of actively circulating on-chain funds, and changes in macro news, so they can grasp the market’s timing and stay up to date with more real-time market information.
GateNews4m ago
ADA Tests Key $0.230 Support While Upgrade Timeline Holds
Key Insights:
ADA trades at the wedge apex near $0.2387 as price compresses between $0.230 support and $0.245 resistance ahead of a decisive breakout move.
Protocol 11’s timeline remains intact despite the memory bug fix, keeping Cardano fundamentals stable while macro risks dominate short-t
CryptoNewsLand10m ago
Solana Targets $120 if Bulls Hold $87 Support; Technical Setup Shows Cup-and-Handle Pattern
Solana (SOL) is trading at $88.87, with a daily gain of 3.84%. Analysts indicate that maintaining support above $87 is crucial to potentially reach $120. Liquidation clusters influence price action, and a breakout above $107 could confirm upward momentum.
GateNews29m ago
ETH up 0.65% in 15 minutes: amplified net exchange outflows, short-term buy pressure, and on-chain activity plus a surge of new users driving the rebound
During the period from 12:45 to 13:00 (UTC) on 2026-04-17, the ETH price recorded a +0.65% return, closing in the 2355.76 - 2382.28 USDT range, with a 15-minute amplitude of 1.13%. During this time, market attention rose rapidly, on-chain and derivatives trading activity increased significantly, and short-term volatility intensified.
The main driving force behind this unusual move is that the net exchange fund inflow-outflow phenomenon has been amplified. On-chain data show that within 10 minutes, approximately $420,000 worth of ETH was continuously transferred out of trading platforms, reflecting a significantly stronger investor willingness to hold tokens,
GateNews1h ago
