ONDO Price Eyes $0.665 After Breakout and Major SBI Tokenization Deal

Ondo Finance (ONDO) is gaining bullish momentum after confirming a breakout from its downtrend, with analysts watching for continued strength for the ONDO price. Meanwhile, its partnership with Japan’s SBI Group advances real-world asset tokenization and strengthens institutional blockchain adoption across the Asian financial market.

At the time of writing, ONDO is trading at $0.3853 with a 24-hour trading volume of $86.75 million and a market capitalization of $1.87 billion. Despite the 1.47% loss over the last 24 hours, the ONDO price structure and network expansion point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: Ondo Price Surges 12% After Ondo Foundation Expands Tokenized Stock Collateral

According to the crypto analyst Crypto Patel, the ONDO price has confirmed a breakout above its descending channel, signaling a potential trend reversal after weeks of downward pressure. 

The ONDO price is now retesting the breakout zone, a key technical level that traders are watching closely. Holding support between $0.378 and $0.35 would keep the bullish structure intact and reinforce positive market sentiment.

Source: Crypto Patel’s X Post

A strong rebound off the retest area is viewed as a trigger that will allow the ONDO price to move closer to the $0.665 target with an approximate upside of 82% from the recommended entry area. 

The stop loss for the trade is placed at $0.339; going under this price level will make the trade less profitable.

Ondo and SBI Bring Japanese Assets On-chain

The data from Ondo Finance further highlighted that the partnership between Ondo Finance and Japan’s SBI Group will aim at moving Japanese financial assets to the blockchain, which marks a significant step in RWA tokenization in Asia. 

The collaboration between the two organizations will take advantage of the blockchain infrastructure offered by Ondo, coupled with the financial network provided by SBI.

Source: Ondo Finance’s X Post

SBI Holdings’ chief executive Yoshitaka Kitao said that Ondo is an exceptional company in the tokenization world for its contribution to connecting conventional finance with the blockchain. 

This collaboration also ensures that the integration is possible for SBI’s yen-backed stablecoin. This shows how Japan is increasing its commitment towards digital asset infrastructure.

Despite the bullish price predictions and strong network growth, the ONDO price is still moving in a downward direction. However, the general trend in the crypto market is improving, and ONDO could soon witness a breakout if conditions remain favorable.

What’s Next for ONDO?

The ONDO price is determined by how well the support area of $0.378-$0.35 is maintained after the breakout. A successful test can help drive momentum to the level of $0.665, while a breakdown can trigger some short-term selling. Traders will also pay attention to the SBI-Ondo Finance cooperation, as it may contribute to tokenization.

Also Read: Ondo Gets 2026 Green Light for U.S. Tokenized Stocks

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.