Bitcoin (btc) 
Ondo Finance Price Analysis: Potential Rebound on the Horizon
Ondo Finance, a prominent player in the real-world asset tokenization space, has been navigating a bear market, with its price plummeting over 45% from its November 2024 high. Despite this, the Ondo Finance ecosystem continues to demonstrate growth, with its total value locked (TVL) surpassing $1 billion for the first time.
Ecosystem Growth and Token Performance
The growth of Ondo Finance’s ecosystem is driven by its two tokenized assets: the Ondo Short-Term US Treasuries Fund (OUSG) and the Ondo US Dollar Yield Token (USDY). As of now, USDY holds over $589 million in assets, while OUSG has $419 million. Both OUSG and USDY provide daily yield generation by investing in U.S. Treasury Bills, offering annual percentage yields of 4.35% and 4.03%, respectively.
Here are some key points about OUSG and USDY:
- OUSG and USDY offer daily yield generation through investments in U.S. Treasury Bills.
- USDY provides an annual percentage yield of 4.35%.
- OUSG yields 4.03% annually.
Investments and Potential Price Influencers
Ondo’s price could also be influenced by investments from Donald Trump’s World Liberty Financial, which now holds 342,000 ONDO tokens, valued at over $400,000. This development has sparked speculation about Ondo’s potential inclusion in the U.S. strategic crypto reserves.
Ondo Price Analysis and Trends
The daily chart shows that Ondo Finance has been in a strong downward trend in recent months, mirroring the broader market decline. However, the coin has formed a falling wedge pattern, comprising two descending and converging trendlines, which could indicate a potential bullish breakout.
In addition, Ondo’s price has formed a cup and handle pattern, another popular continuation sign. This pattern suggests a potential price target of $2.4610, up by 113% from the current level.
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