Ondo HTF Analysis: Is This the End of the Downtrend?ONDO / TetherUSBINANCE:ONDOUSDTburakkesmeciOndo (ONDO) HTF Review: Is This the End of the Downtrend? Ondo has been stuck in a downtrend for 15 months, and it has now reconquered two important moving averages, arriving at the final gate to break the downtrend. What Is Ondo? Ondo Finance is a project that brings real world assets (RWA) onto the blockchain. Simply put, it tokenizes traditional yield-bearing assets like US Treasury bills. In other words, it builds a bridge between DeFi and traditional finance. Its founder, Nathan Allman, is a former Goldman Sachs digital assets specialist. Why Can Ondo Create Value? The real story here is the BlackRock connection. Ondo's institutional product OUSG directly holds BlackRock's BUIDL fund as its underlying. On top of that, Ondo is the single largest holder of BUIDL. In other words, it works not as a rival to the world's biggest asset manager but as a supply chain partner. As the RWA narrative grows, Ondo positions itself at the center of this trend. This may give it a fundamental backing that most altcoins do not have. Technical Analysis Price is currently at 0.4036 dollars. Here is what matters. Price has climbed above both the SMA50 (0.3467) and the SMA200 (0.3147). What is more, the SMA50 is slowly sitting above the SMA200, so we can simply talk about a golden cross. In other words, the ground appears to be firming up. However, Ondo is still inside the 15-month descending channel. The real zone of destiny for the bulls is between 0.48 and 0.60. This area is both the channel top and strong horizontal resistance. Unless this band is cleared with a weekly close, every move up may remain just an in-channel bounce. A close above 0.60 would be the first confirmation that the downtrend has genuinely been broken. Conclusion Ondo looks strong on fundamentals and appears to have taken its first steps toward a reversal on the technical side. Reclaiming the moving averages is positive but not enough on its own. The real signal will be clearing the 0.48 to 0.60 pivot zone. Before that area is passed, it is too early to say the trend has turned. Do you think Ondo can close above 0.60 dollars weekly this cycle and break the downtrend?