Ondo Finance (ONDO) continues to face selling pressure after another triangle rejection, but analyst LAR views the pullback as an accumulation opportunity. Meanwhile, growing adoption of Ondo’s tokenized financial products highlights stronger interest in blockchain-based access to traditional markets and supports the project’s broader expansion.
As of now, according to CoinMarketCap data, ONDO is trading at the price of $0.3491, with a decrease of 1.13% in the past 24 hours and a decline of 4.37% over the past week.
ONDO Price Faces Another Pullback as Analyst Calls Dip an Accumulation Opportunity
According to a prominent crypto analyst, LAR, ONDO has once again failed to break out of its ongoing triangle pattern, leading to another pullback in price. The repeated rejection has kept ONDO below the expected breakout zone and extended the period of consolidation.
The latest decline, however, is being viewed as a potential opportunity to build a larger position rather than a sign of weakening market structure. LAR indicated that the current pullback could help investors accumulate ONDO while the token remains within the broader consolidation pattern.
The analyst also suggested that the recent price action may be shaking out weaker market participants who entered their positions earlier. In this view, short-term volatility and repeated pullbacks could create additional selling pressure before the market eventually attempts another move toward the upside.
LAR remains firmly bullish on ONDO’s longer-term direction and expects the token to eventually break higher from the triangle structure, with $0.90 emerging as the analyst’s expected price target. While the timing of the breakout remains uncertain, the analyst continues to accumulate during the pullback, maintaining the expectation that a stronger upward move will follow once the current phase of market manipulation ends.
Ondo Tokenization Surges as Holders Jump 93% to Nearly 450,000
The data from Ondo Finance further highlighted that holders of its tokenized stocks, ETFs, and Treasury products surged 93% in 30 days, reaching nearly 450,000. The increase points to rapidly expanding participation in tokenized financial markets and provides a broader backdrop to the project’s expansion while ONDO remains in consolidation.
The sharp rise in holders reflects growing interest in accessing traditional financial products through blockchain-based infrastructure. Ondo’s expanding user base suggests that tokenized assets are gaining traction among participants seeking more accessible onchain investment options.
The growth also highlights the broader potential of tokenization to connect traditional markets with global blockchain networks. As adoption increases, more financial assets could move toward open, transparent, and continuously accessible onchain markets.
