Ondo surges as RWA growth fuels price rally

  • Ondo (ONDO) price hovered above $1.00 as bulls looked to break from a downtrend.
  • The real-world asset tokenization platform’s traction and milestones in total value locked have aligned with gains.
  • Ondo Finance is one of the leading RWA platforms in the market.

With ONDO trading to an intraday high above $1.13 with a 5.8% gain over the past 24 hours, buying pressure may see bulls target a breakout above $1.2 and aim for $2.00.

This outlook and surge coincides with Ondo Finance’s TVL soaring to over $1.5 billion as the RWA market rallies..

Ondo TVL hits $1.5 billion amid RWA traction

The Ondo token jumped to $1.13 on Friday, with gains taking it to its highest level in over a month.

Ondo bulls have rallied 16% in the past week, cutting monthly losses and allowing for a potential technical breakout after breaking its downtrend.

Per DeFiLlama, this has come as Ondo Finance’s TVL rose, and it crossed the $1.5 billion mark to reach highs of $1.57 billion.

The protocol’s accelerating role in the RWA sector has helped this outlook, with Ondo’s tokenized products key to the growth.

Surging demand for Ondo’s flagship products, such as OUSG, a tokenized short-term US Treasury fund, and USDY, a yield-bearing stablecoin, are the main drivers.

Upside for RWA tokens has elevated the market cap for these assets to over $75 billion, while adoption of tokenized assets has pushed RWA onchain value to more than $29 billion.

According to RWA.xyz, Ondo’s OUSG and USDY account for about $1.4 billion, with $729 million and $657 million in the two assets respectively.

Ondo’s TVL achievement and RWA traction aligns with a surge in demand for tokenized asset investment opportunities across Wall Street.

Ondo price targets $2 amid potential technical breakout

The TVL surge has ignited bullish sentiment for ONDO, with analysts eyeing a price target of $2 in the short term.

Having aggressively bounced from recent lows, the breakout to above $1 gives buyers the upper hand.

In this case, further gains will allow them to target Ondo’s all-time high of $2.14 set in December 2024.

Ondo price chart by TradingView

However, bulls may first have to navigate initial robust resistance around $1.14.

If this works, a potential rally to above $2  and the target of $2.4 could follow.

Bulls will be helped by the broader market conditions, regulatory shifts and institutional endorsements.

The collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund speak to this possibility.

The ascent to $1.5 billion in TVL aligns with Ondo DeFi’s maturation, including in bridging yield-generating assets with blockchain efficiency. Global potential of RWAs is another likely catalyst for Ondo.

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Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary

  • Safety Shot launches BONK Holdings and acquires 228.9B BONK tokens.
  • SHOT stock slides while BONK price gains 8% in the past 24 hours.
  • BONK charts signal a possible breakout toward $0.0003620.

Safety Shot has made a bold entry into the digital asset world, launching a new subsidiary centred on the fast-rising Solana-based memecoin BONK.

The move underlines the company’s growing interest in blockchain assets and highlights how traditional firms are positioning themselves within the cryptocurrency economy.

Safety Shot launches BONK Holdings LLC

On September 11, Safety Shot announced the creation of BONK Holdings LLC, a dedicated subsidiary that will manage the firm’s digital asset strategy.

Safety Shot also revealed that it had accumulated a significant position in BONK, expanding its treasury to 228.9 billion tokens.

This stash represents more than 2.5% of the memecoin’s circulating supply, valued at roughly $55 million at prevailing market prices.

The firm’s average purchase price for the tokens stands at $0.00002184, achieved through prior initiatives and a fresh $5 million acquisition in partnership with digital trading platform FalconX.

Rather than storing the tokens passively, Safety Shot plans to deploy its holdings in the Solana DeFi ecosystem, using them for staking, liquidity provision, and yield farming.

The company argues this approach will generate non-dilutive returns while strengthening its balance sheet.

Notably, Safety Shot’s leadership has been vocal about the rationale behind this move.

Chief Executive Officer Jarrett Boon emphasised that the company views BONK as a “top-tier digital asset” and sees untapped value in integrating it with its existing consumer brands.

In late August, the firm raised $30 million to further solidify its growth strategy and recently appointed Mitchell Rudy, one of BONK’s original founders, to its board of directors.

Safety Shot stock reaction lags behind BONK gains

Despite the ambitious plans, Safety Shot’s shares have struggled to convince investors.

Following the announcement, SHOT stock dipped to $0.37, its lowest level in two months, before closing slightly higher at $0.39, and the pre-market trading has brought only a modest uptick.

The decline suggests that equity investors remain cautious, even as the company highlights the scale of its digital and cash assets compared to its overall market cap of about $85.4 million.

In contrast, BONK itself has enjoyed a strong run. Over the past day, the memecoin has gained 8.3%, trading at $0.00002512 at press time.

While BONK’s price is still far below its November 2024 all-time high of $0.00005825, the token remains one of the best-performing assets in the Solana ecosystem since its launch.

BONK price outlook shows bullish potential

From a technical perspective, BONK’s chart signals the possibility of a bullish breakout.

The memecoin has been trading within an ascending channel, with $0.0002377 acting as a solid support level.

$0.0002620 is a key resistance, and a breakout above this level could pave the way for a run toward $0.0003620, a move that would represent a potential 150% upside from recent levels.

BONK price analysis

While volatility remains part of BONK’s identity as a meme-inspired token, the increasing involvement of institutions like Safety Shot is beginning to change the conversation.

Safety Shot’s willingness to stake a sizable portion of BONK in DeFi platforms adds both liquidity and legitimacy to the project.

If the broader Solana market continues to expand, BONK could see further momentum in the months ahead.

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Pi Network price forecast ahead of the V23 Protocol Upgrade

  • Pi Network price tests breakout at $0.3610 with $0.344 as key support.
  • Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight.
  • Whale buys 350M+ PI, but daily unlocks risk supply dilution.

Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation.

The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness.

Bulls test a fragile breakout

PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549.

This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders.

Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout.

If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836.

Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum.

The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment.

According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742.

Ecosystem expansion fuels renewed optimism

Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy.

The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community.

In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost at a global Web3 event.

On the protocol side, version 23 of the network introduces decentralised KYC processes and Linux node support, marking significant steps toward scalability and regulatory compliance.

Meanwhile, developer activity has been rising, with 37 new projects launched on the Testnet at the start of September.

These include DeFi and gaming apps, alongside the anticipated V23 upgrade that promises to improve cross-chain interoperability.

Such progress has been seen as a sign that Pi is pivoting beyond its mining-focused origins and moving closer toward becoming a functioning ecosystem with tangible utility.

Whale activity stirs speculation

While retail demand has softened in recent weeks, on-chain data shows a different story from larger players.

A mysterious whale wallet, identified as “GAS…ODM,” has accumulated more than 350 million PI tokens, valued at over $124 million.

Another large holder reportedly controls more than 373 million PI.

This kind of accumulation often signals confidence among big investors and has led some analysts to suggest that Pi may be in the Wyckoff accumulation phase, which can precede sharp rebounds.

That said, supply dynamics remain a risk, with around 159.5 million tokens unlocking daily through September, adding up to roughly $56.7 million in a month.

This constant flow could dilute prices if demand does not keep pace.

Pi Network price forecast

As the V23 Protocol Upgrade approaches, Pi Network sits at a critical juncture. The coming weeks will reveal whether the token’s rebound can extend into a sustainable rally or if supply pressures will drag it back toward recent lows.

The short-term outlook for Pi hinges on whether the token can hold above its seven-day simple moving average around $0.344.

A failure to maintain that support could open the door to another test of the August low near $0.322.

On the flip side, breaking above the $0.3610 trendline and sustaining momentum could pave the way toward the $0.3836 level and potentially higher resistance points outlined by analysts.

Longer term, the combination of whale accumulation, fresh protocol upgrades, and greater accessibility through partnerships like Onramp Money may help to strengthen Pi’s position in the market.

The project’s challenge will be balancing supply inflation with real adoption and securing listings on major exchanges such as Binance or Coinbase to unlock deeper liquidity.

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Dogecoin price forecast after the DOJE ETF launch delay: analysis points to $3

  • Dogecoin price has held above a key support with bullish breakout patterns in play.
  • DOJE ETF launch delayed to mid-next week, but market optimism remains high.
  • Analysts see the ETF inflows fueling a rally that could push DOGE toward $3.

Dogecoin (DOGE) has found itself at the centre of market attention once again, this time not because of a social media frenzy but due to institutional interest.

The long-anticipated launch of the first US-listed Dogecoin exchange-traded fund (ETF) has been delayed to next week, but excitement surrounding the event has already fueled bullish momentum in the meme coin’s price.

Traders and analysts are closely watching the charts, and many believe the current setup could propel DOGE toward a multi-dollar future.

Rex-Osprey DOJE ETF delay fails to cool the hype

The Rex-Osprey DOJE ETF, which will invest most of its assets directly in Dogecoin, represents a milestone for both the memecoin community and the broader crypto industry.

For the first time, a US ETF is being tied to a digital asset that has openly embraced its lack of traditional utility.

According to earlier sources, the Dogecoin ETF was to be launched on Thursday, but Bloomberg’s Eric Balchunas has said that the fund will officially begin trading next week, instead of today, as he had alluded to in his earlier postponement projection.

Despite the setback, investors appear unfazed. Dogecoin’s price has steadily climbed in recent days, overcoming the turbulence caused by US inflation data and holding firm above key support levels.

Open interest in Dogecoin futures, according to Coinglass, has also surged to more than $4.67 billion, up from $3.3 billion earlier in the week.

This shows retail traders and institutions alike are positioning themselves ahead of the ETF debut.

Dogecoin price breakout signals a strong bullish trend

From a technical perspective, Dogecoin is flashing strong bullish signals.

As highlighted by CryptoJoe on CoinMarketcap, the Dogecoin price has broken above a descending trend line, a move analysts interpret as part of an impulsive wave-three rally.

Dogecoin has broken above a descending trend line

This wave structure suggests further upside is likely, with no immediate signs of a top.

Support for the next corrective wave is expected between $0.2425 and $0.2295, giving the market room for healthy pullbacks before resuming its climb.

Key moving averages continue to support the bullish case, with DOGE currently trading well above its 50-day exponential moving average, as well as its 100-day and 200-day averages.

Momentum indicators such as the MACD also remain positive, and the Relative Strength Index (RSI) has held near 65, showing strong buying pressure without entering extreme overbought conditions.

Path toward higher targets

Chart patterns also align with the optimistic outlook.

As highlighted by Mycatdorito on TradingView, there is a symmetrical triangle breakout that points toward a $0.29 short-term target, while an Adam and Eve double-bottom pattern on the 12-hour chart suggests potential for a move closer to $0.30.

A symmetrical triangle breakout

Fibonacci extensions indicate resistance levels could stretch as high as $0.37 if momentum accelerates.

Yet the ETF launch adds a new layer of significance.

The DOJE ETF is expected to attract institutional inflows similar to those seen with Bitcoin and Ethereum products, even if at a smaller scale.

Market strategists argue that mainstream financial exposure could create a demand shock for Dogecoin, helping it sustain long-term rallies.

Could $3 be on the horizon?

The question for many investors is not whether Dogecoin (DOGE) can reach its immediate targets, but whether it can eventually break into new territory.

With the coin up more than 150% over the past year, a sustained push beyond the current resistance zone could pave the way for a broader rally.

If ETF-driven inflows materialise and market confidence holds, analysts suggest Dogecoin could embark on a multi-stage climb with $3 as a realistic medium-term goal.

For now, the $0.25 resistance level remains the immediate barrier to watch. A decisive break above it could validate the bullish structure and clear the path to higher levels.

Traders should also monitor $0.22 and $0.20 as critical support zones in case of a pullback.

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