Ondo Finance token spikes 6% on breakout despite weak spot volume

The ONDO token of Ondo Finance rose around 6.3% in a 24‑hour period, breaking above a descending‑triangle pattern that had constrained it since May. Technical indicators such as MACD turned positive, and open interest in derivatives rose about 16%, suggesting heightened speculative interest.

However, the rally occurred with muted spot‑market activity: on‑balance volume remained flat, the 90‑day spot taker CVD stayed bearish, and overall trading volume did not match the intensity of the move. Analysts note that sustained upside will depend on buyers defending the breakout and pushing the price above the key resistance zone between $0.413 and $0.470. The recent launch of the Ondo Network, positioning the token as a leading real‑world asset platform, adds a longer‑term bullish narrative, but short‑term caution remains due to the lack of firm buying pressure.