ONDO Network's total value locked (TVL) has reached a record $2.52 billion, marking a 31% increase over the past month, despite a 13% decline in its token price. This surge in TVL indicates strong accumulation and growing trust in the protocol, with increased institutional activity and user engagement in lending and tokenized yield products. The network's on-chain growth contrasts with its price action, suggesting a potential bullish shift. Technical analysis shows ONDO's price stabilizing near long-term support at $0.32, with a right-angled descending broadening wedge pattern indicating possible recovery. While the price faces resistance at the 100-day moving average of $0.497, a sustained hold above $0.32 could maintain bullish potential. The divergence between ONDO's network metrics and its current trading price suggests that a price response may be forthcoming.