Ondo price jumps as token buying pressure builds

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Ondo surges 10.42% to $0.2882 today

Highlights

Ondo Finance is partnering with Franklin Templeton to tokenize five of its ETFs, enabling 24/7 access to US equities, bonds, and gold for international investors through crypto wallets.
These tokenized ETFs mirror the total return of the underlying assets and integrate with DeFi, driving Ondo’s significant market share and hundreds of millions in total value locked.
ONDO/USD faces resistance at $0.29 with mixed technical signals, a 10.4% surge, and likely range-bound trading between $0.27 and $0.29 in the near term.

Market share and DeFi integration expand after ETF tokenization deal

Ondo Finance has entered a partnership with Franklin Templeton to tokenize five of Franklin Templeton's exchange-traded funds on the Ondo Global Markets platform, giving investors outside the US access to tokenized US equities, bonds, and gold via crypto wallets with 24/7 trading. The tokenized ETFs are structured as total return trackers backed 1:1 by the underlying assets, enabling seamless integration with decentralized finance applications. Ondo reportedly controls a significant share of the tokenized equity market and manages hundreds of millions in total value locked.

Anton Kharitonov, expert at Traders Union, maintains a cautious stance on ONDO despite its recent surge. He points out the strong short-term upside and the partnership with Franklin Templeton. However, he highlights the asset still trades well below its 200-day Moving Average at $0.5168. Kharitonov notes that mixed momentum indicators and the lack of weekly bullish signals suggest the rally is fragile. He believes that market enthusiasm around tokenization does not yet outweigh technical and structural resistance. "Until ONDO breaks above $0.29 and sustains new buying, I see downside risk dominating any short-lived optimism."

Viktoras Karapetjanc, expert at Traders Union, remains constructive on ONDO's outlook. He sees the Franklin Templeton partnership as a major milestone for institutional adoption. Karapetjanc believes the tokenization narrative offers new demand channels and global reach. He emphasizes the bullish structure is supported by rising interest and expanding use cases. "I expect further growth as institutional partnerships gain traction and the market offers multiple setups for upside participation."

Parshwa Turakhiya, analyst, observes ONDO showing short-term momentum but facing pivotal resistance at $0.29. He notes intraday buyers are in control, yet volatility and conflicting technical signals point to a choppy setup. Turakhiya highlights sentiment is cautiously optimistic with attention on the tokenization news. "Quick traders can find opportunities in the $0.27–$0.29 range, but tight risk management is absolutely key right now."

Mixed momentum and overbought signals cap bullish run at resistance

ONDO/USD is trading above its 20-day and 50-day Moving Averages ($0.2604), suggesting bullish momentum in the short to medium term, but remains well below the 200-day Moving Average ($0.5168), confirming longer-term resistance from sellers. Immediate dynamic support is seen near the Ichimoku Kijun level at $0.2664, with the next resistance near the recent intraday high and the round level of $0.29. Momentum signals are mixed: the Moving Average Convergence Divergence (MACD) on the daily timeframe shows a strong sell, while the Average Directional Index (ADX) readings indicate a neutral trend. The Relative Strength Index (RSI) is modestly bullish at 52.8, and both Stochastic RSI and Commodity Channel Index (CCI) do not indicate clear overbought or oversold conditions, though short-term charts point to some overbought buildup. Bull/Bear Power (BBP) at 0.0125 shows buyers dominating intraday momentum. Awesome Oscillator (AO) does not reinforce the prevailing move. The pair has surged 10.42% to $0.2882 after an upside gap of roughly $0.0079, with the price finishing near the daily high and intraday volatility at 7.22%. Today's action reflects notable strength toward session highs, backed by short-term buying pressure but with directional momentum conflicting on several indicators.

Earlier, analysts noted that Ondo maintained robust short-term momentum amid a backdrop of persistent longer-term bearish pressure. With the latest surge in ONDO/USD capped by resistance near $0.29 and conflicting indicator signals, traders should monitor for a potential downside acceleration if support at $0.27 fails to hold in the coming sessions.

Source of Data: ONDO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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