Ondo Finance (ONDO) is exhibiting signs of bullish momentum as buyers continue to defend a support zone between $0.365 and $0.370. According to technical analysis, a breakout above the $0.378–$0.380 neckline could open the path toward a target range of $0.390–$0.395. Separately, RedStone has expanded its support for Ondo Finance's USDY stablecoin on the Stellar network by introducing a dedicated USDY/USD price feed and SEP-40 contract support.

At the time of writing, ONDO is trading at $0.3693 with a 24-hour trading volume of $82.8 million and a market capitalization of $1.79 billion, according to CoinMarketCap. Despite a 3.42% decline over the past 24 hours, the token's price structure and ongoing network development point to a potential bullish reversal.

ONDO Price Setup Signals Bullish Breakout

Crypto analyst Crypto With Gopal noted that ONDO's price chart is forming a bullish inverse head-and-shoulders pattern, a technical structure frequently associated with potential trend reversals. The observation was shared via the analyst's X post.

Buyers have repeatedly defended the key support zone between $0.365 and $0.370, a sign of growing accumulation and improving sentiment as the token seeks to stabilize following broader weakness across cryptocurrency markets.

Traders are monitoring the $0.378–$0.380 range for a confirmed breakout that would validate the bullish formation. Should ONDO breach this level, the analyst identifies $0.390–$0.395 as the next likely price target. Sustained buying interest above the neckline would reinforce the case that bullish momentum is returning.

RedStone Expands Ondo USDY Support on Stellar

RedStone, a modular oracle network providing data feeds to DeFi protocols across multiple chains, has broadened its infrastructure backing for Ondo Finance's USDY stablecoin on the Stellar network by deploying a USDY/USD price feed and SEP-40 contract support, as announced via RedStone's X post.

USDY is part of Ondo Finance's suite of tokenized real-world asset (RWA) products, a sector that has drawn growing institutional interest as protocols seek to bring exposure to traditional financial instruments such as US Treasury bills onto blockchains. Stellar, a layer-1 blockchain focused on payments and asset issuance, has been positioning itself as a platform for RWA and stablecoin activity.

This integration provides developers with a consistent oracle model for DeFi applications, enabling accurate pricing data for tokenized real-world assets and supporting complex on-chain operations.

The expansion aims to strengthen the DeFi ecosystem on Stellar by facilitating lending, borrowing, and other financial solutions powered by USDY. With reliable oracle data and standardized contract functionality, developers can build institutional-grade DeFi solutions while improving interoperability within the Stellar platform.

Current Market Context

While the technical setup and network developments suggest potential upside, ONDO's price remains in a short-term downtrend. The broader cryptocurrency market trend, however, has been improving, and ONDO could experience a breakout if favorable conditions persist.

The outlook for ONDO depends on whether buyers maintain the support floor between $0.365 and $0.370 and push the price above the $0.378–$0.380 neckline toward the $0.390–$0.395 target. Meanwhile, RedStone's continued development of USDY infrastructure on Stellar may contribute to long-term ecosystem growth and broader DeFi adoption. For market participants, the combination of a technical reversal pattern and expanding RWA infrastructure integration represents the key dynamic to monitor, though trading outcomes remain uncertain.