Ondo Finance Faces 25% Rally Potential After DTCC Debut Milestone

Ondo Finance’s native crypto, ONDO, may rally 25% as it breaks out of a falling wedge, with its latest collaboration with Wall Street clearing giant DTCC providing fundamental support for the bullish setup.

ONDO Falling Wedge Breakout Targets $0.46

The ONDO/USDT exchange rate surged nearly 16% on Thursday before trimming some gains to trade around $0.37. In doing so, the pair entered the breakout stage of what appeared to be a falling wedge pattern.

A falling wedge forms when the price declines between two converging trendlines. The pattern typically resolves to the upside once the price closes decisively above its upper boundary.

ONDO’s wedge developed after the token peaked near $0.49 in May. The subsequent correction produced a series of lower highs and lower lows before Thursday’s high-volume breakout.

Adding the wedge’s maximum height to the breakout level produces an upside target near $0.46–$0.49, approximately 25%–30% above the current price.

ONDO has also reclaimed its 20-day (green), 50-day (red), and 100-day (purple) exponential moving averages. Meanwhile, its daily relative strength index (RSI) has climbed to around 65, showing the price has more room to grow at least until the reading crosses above the overbought threshold of 70.

A decisive close above the 200-day EMA (blue) near $0.378 would add further confirmation to the bullish setup.

DTCC Collaboration Supports the Bullish ONDO Setup

On Wednesday, July 15, Ondo launched the first tokenized stock representations backed by DTC tokenized entitlements to securities held at the Depository Trust Company, which clears and settles most US stock trades.

The initial assets included Circle shares and the SPDR S&P 500 ETF, represented on-chain as CRCLon and SPYon.

The milestone places Ondo alongside major financial institutions participating in DTCC’s tokenization initiative, including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange.

Traders likely interpreted the development as validation of Ondo’s institutional infrastructure and its role in connecting traditional securities with blockchain markets.

Broader sector strength supported the rally, with real-world asset tokens gaining about 6.4% over the past 24 hours. However, ONDO’s sharp outperformance suggests the DTCC announcement was the primary catalyst.

Previous DTCC Rally Warns Against FOMO

The bullish scenario still carries meaningful downside risks.

ONDO rallied roughly 50% after DTCC named Ondo among more than 50 participants in its Industry Working Group on May 4. However, the token subsequently surrendered much of that advance as traders booked profits.

A rejection from the 200-day EMA could similarly weaken the latest breakout. Falling below the former wedge resistance and EMA cluster near $0.33–$0.34 would signal a potential bull trap.

Such a move could initially send ONDO toward $0.31, then $0.28. Therefore, the $0.33–$0.34 area remains the key level separating the bullish wedge target from another post-announcement correction.