ONDO, the native token of tokenization firm Ondo Finance, is displaying a bullish double-bottom pattern, with buying pressure defending a key support zone and driving a recovery in the ONDO price. Strong breakout momentum could confirm a major structural reversal. Simultaneously, Ondo Perps has reached major open interest and volume milestones, reflecting rapid growth in demand for tokenized real-world asset (RWA) perpetuals.

For context, Ondo Finance was founded in 2021 and built its business on tokenized exposure to US Treasuries, with products such as the OUSG fund and the yield-bearing USDY token placing it among the larger tokenized Treasury issuers. Ondo Perps, launched in 2025, extends that franchise into crypto-native derivatives, offering perpetual contracts on assets such as gold and tokenized equities.

At the time of writing, ONDO is trading at $0.3730, with a 24-hour trading volume of $383.9 million and a market capitalization of $1.81 billion, according to data from CoinMarketCap. The token remains far below its all-time high of roughly $2.14, set in December 2024, so the current chart formation is being read as a potential stabilization after a deep drawdown. Following a 14.94% gain over the last week, the ONDO price structure and whale accumulation point to a bullish reversal ahead.

ONDO Price Setup Signals Bullish Reversal Ahead

According to crypto analyst Crypto With Gopal, the ONDO price is showing a potentially bullish double-bottom formation after establishing two major lows around the $0.20–$0.25 zone, as outlined in the analyst's X post.

A double bottom is a classic technical-analysis reversal pattern, formed when an asset holds a similar support level on two separate declines before turning higher. In ONDO's case, buyers repeatedly defended this area, helping the token recover toward the $0.40 resistance level. The pattern suggests that selling pressure may be weakening, while renewed demand could support a broader recovery if momentum continues.

A clear break above $0.78 would serve as confirmation of the reversal pattern and would further strengthen the bullish bias. If the ONDO price manages to hold that level on a sustained basis, it could make a move toward the $1.40 range. Until then, investors should keep watching for indications of continuation.

Ondo Perps Surpasses $100M in Open Interest

Data from Ondo Perps highlights another significant achievement for the Ondo derivatives network, with open interest exceeding $100 million. Furthermore, aggregate trade volume has crossed the $9 billion mark, indicating rapid growth in perpetual contract trading on real-world assets and an ever-growing desire among traders to trade using crypto-native methods, according to the Ondo Perps X post.

This growth reflects the broader trend toward acceptance of real-world assets within decentralized finance. That shift is not limited to crypto-native firms: BlackRock's BUIDL tokenized liquidity fund and Franklin Templeton's on-chain US government money fund have made traditional asset managers active participants in tokenization, while industry trackers such as rwa.xyz put the total value of tokenized real-world assets, excluding stablecoins, in the tens of billions of dollars. Perpetual futures, for their part, are the most heavily traded derivatives format on major crypto exchanges, which is why extending perps to RWAs is viewed as a test of demand for round-the-clock, leveraged exposure to traditional assets. With greater liquidity, participation, and availability of products, RWA perpetuals could become one of the key elements of the digital asset market ecosystem. The numbers from Ondo suggest that demand for RWA perpetuals is growing.

Following the bullish price setup and Ondo Perps' growth, the ONDO price is moving in an upward direction. The move is also supported by improving momentum in the broader crypto market, as Bitcoin has started to move upward.

What Comes Next?

Moving forward, the ONDO price needs to move above $0.40 in order to initiate a move toward $0.78, while the midterm target is set at $1.40. On the other hand, a lack of momentum could force ONDO to test support around $0.20–$0.25, amid increasing volatility from derivatives trading. Beyond price levels, the trajectory of Ondo Perps' open interest and trading volume offers another measurable gauge of whether demand for RWA derivatives keeps building.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile — always do your own research. This article is not financial advice.