Will Ondo Price Hit ATH After Nexus Unlock New Tokenized Treasury?

Highlights:

• Ondo price has seen a string surge of 18% in the past 24 hours.
• Ondo Nexus enhances tokenized Treasuries with 24/7 liquidity and issuer expansion.
• Bullish indicators suggest a potential for ONDO to target new highs.

Ondo (ONDO) price has surged over 18% in the past 24 hours following the launch of Ondo Nexus. The initiative aims to boost liquidity for tokenized Treasuries through expanded issuer partnerships and round-the-clock redemption. This price rally aligns with broader market gains, sparking speculation on whether ONDO can reclaim its all-time high. Investors are closely watching its next move amid the ongoing crypto uptrend.

Can ONDO Hit ATH After Nexus Drives Treasury Adoption?

Ondo Finance has rolled out Ondo Nexus, a solution that will help rectify liquidity issues of tokenized Treasuries. The objective of the project is to expand the options for the availability of the features for an instant exchange based on the minting and redemption opportunities of OUSG. Ondo Nexus also raises issuance and market claim partners while developing the foundation on real-world assets (RWA).

To facilitate this strategy, the following plans have been put in place: OUSG has decided to diversify its source of backing through tokenized Treasuries from Franklin Templeton, Wisdom Tree, Wellington management firm, and Fundbridge Capital. It also builds upon newly proxy-announced collaborations with BlackRock and PayPal for the purpose of maintaining liquidity.

1/ Today, we're excited to announce the launch of Ondo Nexus, a new technology initiative designed to unlock instant liquidity for third-party issuers of tokenized Treasuries.

Leveraging OUSG’s instant minting and redemption capabilities, Ondo Nexus enhances the liquidity and… pic.twitter.com/nxUByooycQ

— Ondo Finance (@OndoFinance) February 3, 2025

The Ondo price is positioned for a potential price increase as more people get to use the chain through Nexus. Its last all-time high was $2.14 in December 2024. This could help regain investor confidence in ONDO by increasing the liquidity available to the company and the institutional backing.

Bitcoin is close to $100,000 once more as the cryptocurrency market bounces back hard. At this rate, ODO prices have been on the rise in the last week as investors look to tokenize real-world assets (RWA). The global crypto market cap has risen 5% in the last 24 hours to $3.27 trillion.

ONDO Rises as TVL Surges to $637.94M

Ondo is gradually rising further, as seen by growing TVL, which is now more than $ 637.94 million. This is because the current rising TVL implies that more investors are coming to support Ondo Finance, a platform that combines traditional finance with blockchain.

The rise in TVL suggests that Ondo’s offerings are coming into play, including tokenized real-world assets and structured financial products. Institutional-grade financial instruments are becoming increasingly attractive for investors as they move to decentralized solutions that provide such exposure.

How High Will Ondo Price Go In February

At the time of reporting, ONDO is trading at $1.45, marking a strong surge of over 18% in the past day. The token has shown impressive momentum, recovering from recent dips and breaking above key resistance levels. 

The Relative Strength Index (RSI) remains at 56. Therefore, the coin is not in an overbought situation and can continue to appreciate further, which is a good signal for investors. The indicators or signals used in the current trading session include the Moving Average Convergence Divergence, which has gone bullish.

The MACD line has crossed above the signal line, accompanied by increasing green histogram bars, reinforcing the potential for continued upward momentum. ONDO is currently trading above a critical support level of $1.30, which could be a strong foundation for further gains. 

In the short term, ONDO could rise to $1.80 in case of consolidation of the bullish trend with the intermediate target at $2.20. These levels, in turn, after a breakout, may move up and hit $2.50, which has a psychological connotation. If the price fails to hold the $1.30 level, it may retest the area and drop to $1.00.