In the midst of Bitcoin's robust performance, Real World Assets (RWA) tokens like ONDO and Polymesh (POLYX) are reaping the benefits of increased capital inflows. RWAs represent traditional assets in the DeFi space through blockchain technology.

Analysts have spotted a bullish pennant pattern on the ONDO/USDT trading pair's daily chart, signaling a potential bullish breakout when activated.

The surge in the Ondo Finance price is not only driven by overall market optimism linked to Bitcoin but also by the actions of major holders. Accumulation by the top 50 holders, market whales, and smart investors has played a significant role in the recent price increase.

A detailed examination of ONDO's price movements reveals that the top 50 wallets holding ONDO tokens aggressively accumulated when prices ranged between $0.74 and $0.77. Over the past 24 hours, these large holders have bought 32.7 million ONDO tokens, equivalent to around $27.6 million.

Whales holding ONDO tokens saw a decrease in their balance from 1.15 billion ONDO to 1.1 billion ONDO when prices dropped to $0.8155 on May 6. However, recent buying activity has seen a resurgence with a purchase volume of approximately 40 million ONDO tokens, valued at around $35.9 million.

Smart money has also entered the scene, adding $160.2K worth of ONDO in the last two days. The significant outflow from centralized exchanges in the past 24 hours has provided a positive on-chain signal for ONDO.

Ondo Finance Price Prediction

The Ondo Finance price is currently exhibiting a bullish trend, breaking above resistance levels and forming higher highs. Confirmation of this trend awaits the Relative Strength Index (RSI) crossing above the 50 level and the Moving Average Convergence Divergence signaling a buy opportunity.

Traders eyeing long positions on ONDO should wait for a breakout above the Fibonacci Golden Zone, specifically a close above the 23.6% Fibonacci retracement level at $0.9538. In a bullish scenario, ONDO could target the April highs of $1.0532.

On the flip side, increased selling pressure could push the price down, potentially testing lower Fibonacci retracement levels. A breach below the 61.8% Fibonacci retracement level at $0.7929 could invalidate the bullish outlook, with the next support at $0.7221.

Investors are also showing interest in eTukTuk, a green AI crypto presale offering an 84% APY. This project, hailed for its potential by crypto enthusiasts, combines electric vehicles, blockchain, and AI to promote sustainable transportation and reduce carbon emissions.

Promising Alternative to Ondo Finance

TUK, the driving force behind eTukTuk, aims to revolutionize transportation with AI-powered electric Tuk Tuks. By integrating blockchain and AI technologies, the project advocates for green mobility and plans to introduce its products globally, starting in Sri Lanka.

The eTukTuk presale has gained significant traction, surpassing $3.3 million, with plans to launch a Play-To-Earn game where players engage in races and transportation tasks. To participate in the presale, individuals can acquire $TUK tokens at $0.0315 each before the price increase in a few days.