ONDO Price Jumps 12% Following Bullish Pennant Breakout
ONDO's price surged 12% to $1.12 after confirming a breakout from a bullish pennant pattern, with technical indicators suggesting further upside toward the $1.14 resistance level. The rally builds on fundamental support from ONDO Finance's expansion of tokenized U.S. securities on Ethereum, now providing non-U.S. investors with 24/7 access to over 100 assets.
The token's breakout on September 10 validated bullish sentiment that had been building since the September 6 announcement, which initially saw Ondo consolidate around $0.90 before the technical catalyst ignited momentum. With plans to scale tokenized offerings to over 1,000 securities by year-end, ONDO's real-world asset integration appears to be gaining traction alongside its technical strength.
