$0.42 USD $ONDO , are you getting in?

JPMorgan Chase, Mastercard, and Franklin Templeton collectively endorse it, leading the TVL track with a 54% surge in a week— but just now, RSI broke through 90 and plummeted straight down, big players exited positions, dropping 6% in 24 hours.
First look at the surface: positive news explosion, momentum like a rainbow.
In the past 7 days, it rose 54%, market cap of $2.06 billion, 24-hour trading volume exploded to 500-700 million—multiplied several times. The candlestick chart shows: from 0.26 double bottom directly to 0.47, moving averages are bullishly aligned, MACD golden cross diverging.
First thing: traditional financial giants personally step in, not a joke.
On May 7, Ondo + JPMorgan Chase + Mastercard + Ripple completed the first cross-chain, cross-bank tokenized US debt cross-border settlement in history. JP Morgan settled Ondo’s OUSG on its own blockchain, instant settlement via Ripple and Mastercard network.
Second thing: fundamentals are rock solid.
DefiLlama shows TVL at $3.7B, first in the RWA track. The products are tokenized US bonds, stocks, ETFs—with real yields. Q1 revenue of $13.26 million, total revenue of $21.12 million.
MC/TVL ratio only 0.56?
Protocols with similar locked positions, ONDO’s market cap is severely undervalued. Compared to similar RWAs, this ratio should be between 1.5-2.0. Either TVL drops or ONDO rises.
Third thing: a technical signal that must be watched.
In the past 7 hours, RSI dropped from over 90 directly to 54-65. 90 indicates extreme overbought, the peak of retail chasing highs; 65 indicates cooling, a sign of buying exhaustion.
A big player just exited an important position, 6% drop in 24 hours.
Key level: $0.42, only 4 cents away from strong support at $0.38.
Resistance above: $0.48-0.50 → $0.55-0.60 → $1.0+
Support below: $0.38-0.40 → $0.35 → $0.33 (structural failure bottom line).
Short-term traders:
Wait for a pullback to $0.38-0.40 before entering, stop-loss at $0.33 (exit if broken), first target $0.48-0.50.
Swing traders:
Wait for the daily close above $0.45 to get in, use dynamic take profit, target $0.65-0.80. In the RWA track, holding on yields more than flipping back and forth.
Long-term believers:
Confidently build positions in batches at $0.35-0.38. RWA is the most certain institutional narrative by 2026, ONDO is the top leader. $1.0 is not a dream, but it must withstand mid-term shakeouts.
ONDO now is like SOL in 2023—
99% of people think “RWA is just hype,” but when institutions put real money in, they realize it’s not just a concept, it’s a trend.
Don’t buy at $0.38, regret at $0.80 #Gate广场五月交易分享