• Ondo Finance (ONDO) total value locked reaches an all-time high, showing strong market resilience.
• Maintaining key support at $0.67 could drive the ONDO price toward $1.15 target soon.
• Investor sentiment remains overwhelmingly bullish, with 86% of participants confident in ONDO’s future.

Ondo Finance (ONDO) is showing resilience despite the crypto market facing pressure. Its total value locked (TVL) has recently reached an all-time high, which is an indication of firm underlying activity. Analysts believe that, provided key support is maintained, the price of ONDO can be due for a strong recovery.

At the time of writing, Ondo Finance (ONDO) is trading at $0.7113, with a 24-hour trading volume of $182.21 million and a market capitalization of $2.25 billion. Over the last 24 hours, the ONDO price has risen by 1.46%, showing resilience despite the broader market’s decline.

Ondo Finance Recovery Signal From TVL

Crypto analyst CryptoED recently pointed out that the Ondo Finance total value locked (TVL) has set an all-time high, despite the broader market tanking. “I’m just saying, price tends to follow TVL when the market is bullish,” CryptoED said, citing the fact that the existing TVL data would translate to an estimated price of $3.6 if the trend is to persist.

Ondo Finance Holds Key Support Level

At the same time, the other analyst, Ali Martinez, highlighted the fact that provided ONDO remains further than $0.67, the token has the potential to head on the road to the $1.15 target. That provides market observers and investors with an important supporting level to watch for moving forward.

With ONDO firm on its TVL and remaining firm above key support, the altcoin may gain new interest since market players are looking to spot potential reversal zones.

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Strong Bullish Sentiment on ONDO

The sentiment of the community is strong optimism, and 86% voters are bullish on ONDO. This suggests that the majority of participants do believe the future is up for ONDO and anticipate further market strength.

At the same time, just 14% are bearish, revealing little anxiety about risks to the downside. A large gap to the bears suggests increasing optimism among investors and strong faith in the price strength of ONDO.

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