Ondo rises with public beta rollout of perpetual contracts on equities

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Ondo jumps 4.32% today on new growth

Highlights

Ondo Finance strengthened its institutional offering by hiring former Invesco and Grayscale executive John Hoffman to lead on-chain portfolio development and strategy.
Ondo Perps public beta now provides approved traders leveraged perpetual contracts on over 20 equities and major indices, with expanded Ledger wallet integration for 260+ US tokenized stocks and ETFs.
ONDO/USD shows bullish momentum above key moving averages, but is expected to consolidate between $0.3022 and $0.3721 with a greater probability of downside in the near term.

Institutional interest rises as leadership hires and product launches accelerate

Ondo Finance has advanced its push into tokenized investment products by hiring John Hoffman, a seasoned executive from Invesco and Grayscale, to spearhead the development of on-chain portfolios and broader investment strategies. This significant leadership addition is likely to boost institutional engagement and drive adoption for the protocol's expanding suite of offerings. Complementing this, the company released a public beta of Ondo Perps, enabling approved traders to access perpetual contracts on over 20 equities and major indices with substantial leverage, and integrated support for native swaps on more than 260 tokenized US stocks and ETFs within Ledger hardware wallets. Additionally, Ondo's choice of XRP Ledger as the top blockchain for its tokenized US Treasuries, now hosting $274 million on-chain, demonstrates surging demand and growing utility across networks.

Bullish technicals hold amid volatile session and mixed momentum signals

MA-20 is currently at $0.3438, MA-50 at $0.3481, and MA-200 at $0.3368, showing a bullish alignment on the h1 timeframe. The Ichimoku Kijun level is positioned at $0.3419 and serves as immediate support. Momentum signals present a mixed picture: MACD indicates a Buy, ADX remains Neutral, CCI is also on Buy, while RSI sits at 53.22 and Stoch RSI is Neutral, reflecting neither extremely overbought nor oversold conditions. Bull/Bear Power (BBP) remains on Buy, and the Awesome Oscillator supports the current upside move, even as some oscillators show hesitation. The session began with a negative gap of $0.0079 and is characterized by heightened intraday volatility.

Consolidation expected as downside risk outweighs breakout odds

In the short term, ONDO is projected to trade within a volatility band of $0.3022 to $0.3721 over the next 2 trading days. Price action is expected to consolidate between these levels, with a 63% probability of a downward move and a 37% chance of a breakout above resistance. A move above $0.3721 would signal a bullish extension, while sustained trade below $0.3419 could open scope for a retest toward $0.3022.

Anton Kharitonov, analyst at Traders Union, views ONDO’s recent leadership hire and product expansion as positives for institutional sentiment, but remains cautious given mixed momentum signals. He notes that key moving averages align bullishly, yet oscillators show hesitation and short-term risk remains skewed to the downside. Base case is for consolidation, with critical levels at $0.3419 and $0.3721 guiding direction. "Until we see a sustained move above resistance, I remain defensive and would wait for confirmation before turning bullish on ONDO."

Earlier, analysts noted that Ondo was experiencing heightened volatility and downside bias amid mixed technical signals, with an emphasis on close monitoring of price stability. The latest developments—marked by positive momentum, strategic leadership appointments, and new product launches—signal a potential shift in sentiment, making a sustained move above the $0.3721 resistance a key level to watch for confirmation of a broader bullish breakout.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.