ONDO Price Blasts Past $1 as Tokenized Treasuries Arrive on SEI – Is $3 Next?

ONDO price climbed above the $1.00 mark, registering a strong 10.36% gain over the past day. The move coincides with a key ecosystem expansion for Ondo Finance and bullish commentary from traders across X (formerly Twitter). Meanwhile, tokenized treasury product USDY is preparing to launch on the Sei Network, adding momentum to ONDO price action.

A tweet from CryptoED described the move as predictable, stating, “Told you $ONDO under $1 was a gift,” referencing the 9.6% price surge observed within a single hour. Ondo Finance also confirmed that USDY is coming to Sei, unlocking a new layer of utility for its product suite across high-performance DeFi applications.

SEI Integration Brings USDY to High-Speed Layer 1

Ondo Finance announced that its USDY token, a tokenized U.S. Treasury product, will be launched on Sei Network. The integration aims to provide scalable, on-chain yield for DeFi participants using Sei’s low-latency, high-throughput architecture. 

According to the team, this expansion is designed to enhance accessibility to regulated yield instruments across a broader blockchain audience.

The Sei Network has positioned itself as a fast and capital-efficient layer 1, targeting applications that require speed and precision. Ondo’s decision to deploy USDY on this chain marks a new step in the tokenized real-world asset (RWA) narrative, which has drawn attention in 2024. The announcement helped reinforce positive sentiment around the ONDO token, contributing to the price breakout seen this week.

Read Also: Can Pi Coin Overtake XRP and Become the Number 3 Crypto?

ONDO Breakout Above $1.00 Confirms Bullish Momentum

Technical analysis shows ONDO price has broken above all key moving averages. The 7-day MA at $0.9321 now acts as near-term support. 

The 50-day and 100-day averages, at $0.8160 and $0.8707, respectively, were also cleared during the recent rally. This structure indicates a shift in market control toward buyers.

The ONDO price reached a local high of $1.0485, and bulls are watching $1.0695 as the next resistance level. Support is holding above $0.9321, and the broader trend has reversed from the cycle low at $0.6258 seen in June. 

Analysts are monitoring volume, which continues to increase alongside rising price candles, often a technical sign of healthy trend expansion.

Traders Eye $3 as Sentiment Builds

CryptoED fueled discussion of a potential extended rally. With ONDO price breaking psychological resistance at $1.00, the focus among traders is now shifting to mid-term targets. The $3.00 mark has been suggested as a possible price goal, although no confirmed technical patterns currently align with that level.

Price action remains bullish in the short term. As long as ONDO price maintains momentum and holds above key support zones, technical analysts are expecting further continuation.

Market participants are now waiting for confirmation with a daily close over $1.05, which would confirm the breakout and potentially set the stage for another leg up.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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