Ondo rises over 11% as 24/7 tokenized US stock minting sparks demand
Ondo Finance (ONDO) surged 11.34% today after launching 24/7 instant minting and redemption for tokenized US stocks and ETFs, sparking new demand as users gain continuous access to asset creation and settlement. The bullish move is reinforced by ONDO trading above all key moving averages, though bearish momentum signals limit the conviction behind the rally.
Highlights
- Ondo Finance enabled 24/7 instant minting and redemption for over 430 tokenized US stocks and ETFs across major blockchains, enhancing on-demand liquidity.
- Transaction costs dropped sharply to $13 per execution, compared to up to $738 on rival platforms, supporting $1 billion in total value locked and DeFi collateral use.
- Despite a bullish long-term structure, momentum indicators point to seller dominance with an 80% probability of consolidation or downward move within the $0.3234–$0.3666 range.
Platform expansion and cost reduction boost tokenized asset adoption
Ondo Finance enabled 24/7 instant minting and redemption for tokenized US stocks and ETFs across Ethereum, BNB Chain, and Solana, allowing users to create and cash-settle tokenized assets at any time. The upgrade also introduces reduced transaction costs, with executions reported at $13 compared to up to $738 on competing platforms. Over 430 tokenized assets are now offered, with $1 billion in total value locked, and the assets can be used as collateral within various DeFi protocols.
Bullish structure tempered by weak momentum and seller signals
ONDO/USD is trading above all major moving averages: MA-20 ($0.3214), MA-50 ($0.3439), and MA-200 ($0.3166), confirming a bullish technical structure for short, medium, and long timeframes. The near-term resistance level is at $0.3666, with support at $0.3439, and MA-50 remains above MA-200 for additional trend confirmation. However, momentum indicators show divergence: both MACD and RSI are in sell mode, with the RSI at 42.1 and the CCI in oversold territory at -73.3. ADX and Stochastic RSI are neutral, showing weak trend strength, while Bull/Bear Power at -0.0031 and a neutral Awesome Oscillator suggest mild seller dominance despite price action remaining close to daily highs and intraday volatility at 11.27%.
Previously it was reported that the expansion of Ondo’s instant tokenized asset capabilities positioned it for increased liquidity and positive investor sentiment. Current technicals point to a likely period of sideways consolidation, so traders should monitor for a decisive break above $0.3666 or below $0.3234 to gauge the next directional move.
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