🌎 Ondo Token Sees 10% Surge Amid Growing Interest

**Ondo Token Sees 10% Surge Amid Growing Interest in Tokenization**

The tokenization coin, Ondo, experienced a significant price increase of over 10% on Friday, making it one of the top gainers in the market. This surge can be attributed to the recent statement by Larry Fink, the head of the world’s largest asset manager, BlackRock, with over $10.7 trillion in assets under management. Fink urged the Securities and Exchange Commission to approve tokenized stocks and bonds, further fueling interest in the tokenization space.

Ondo Finance and BlackRock Partnership

Ondo Finance has partnered with BlackRock’s BUIDL product, which currently holds over $640 million in assets. Their collaboration on the Short-Term US Government Treasuries product has resulted in the management of more than $189 million in assets. This partnership has contributed to the growing interest in Ondo and the tokenization industry.

Ondo Summit: A Highly Anticipated Event

The recent rally in ONDO also comes as anticipation builds for the upcoming Ondo Summit, the platform’s inaugural event focused on tokenization and its disruption in the financial services industry. Scheduled for February 6, the summit will feature speakers from prominent financial institutions, including BNY Mellon, BlackRock, Fidelity, Franklin Templeton, WisdomTree, and Pantera. Representatives from the Commodity Futures Trading Commission will also participate, further elevating the event’s significance.

Speculation about potential partnerships and announcements at the summit has fueled optimism, with investors expecting Ondo to perform well ahead of and during the event.

Token Unlock and Price Technicals

The token’s price rebound also comes a week after the network unlocked over 2.5 billion ONDO tokens. Its next unlock is scheduled for January 18, 2026.

From a technical perspective, Ondo peaked at $2.15 in December before pulling back to a low of $1.0950. The price has since formed a falling wedge pattern, with the upper trendline connecting the highest swings since December 16 and the lower trendline connecting the lowest levels since November. As these lines converge, ONDO has made a bullish breakout.

Ondo has retested the key resistance level at $1.4850, the upper side of the cup and handle pattern, another bullish sign. It has formed a small inverse head and shoulders chart pattern.

Technical Outlook and Price Targets

Based on these technical patterns, ONDO is likely to continue its upward trajectory, with the next key target at $2.1430, representing a 45% gain from its current level. However, this bullish outlook would be invalidated if the price drops below the support level at $1.0950.