Ondo rises nearly 16% as 24/7 tokenized US stocks launch fuels demand
Ondo (ONDO) surged 15.61% after launching 24/7 instant minting and redemption of tokenized US stocks and ETFs, eliminating traditional market-hour restrictions and fueling demand for its platform. The strong move is limited, with mixed technical momentum and resistance near $0.3805 curbing further upside.
Highlights
- Ondo now enables 24/7 instant minting and redemption for over 430 tokenized US stocks and ETFs across Ethereum, BNB Chain, and Solana.
- This advancement eliminates settlement downtime and supports use of tokenized equities as DeFi collateral, with platform TVL exceeding $1 billion.
- Despite a strong intraday gain to the upper end of its projected range ($0.3373–$0.3805), ONDO/USD displays broadly bearish momentum and a high probability of sideways-to-downward price action in the near term.
DeFi demand rises as Ondo enables 24/7 tokenized asset access
Ondo introduced 24/7 instant minting and redemption for tokenized US stocks and ETFs, now available on Ethereum, BNB Chain, and Solana. This functionality removes settlement pauses tied to stock exchange hours and expands use cases by allowing these assets to serve as DeFi collateral. The platform has also grown to offer over 430 tokenized assets and reports more than $1 billion in total value locked.
Technical bullish bias weakens as momentum signals turn bearish
ONDO/USD is trading above the 20-day, 50-day, and 200-day moving averages ($0.3214, $0.3439, and $0.3166), confirming a bullish short-, medium-, and long-term structure. Immediate resistance is set at the near-term ceiling of $0.3805, with the floor defined at today’s high of $0.3622. Momentum remains mixed: the Moving Average Convergence Divergence (MACD) is signaling "Sell", and the Average Directional Index (ADX) reads neutral, indicating weak trend strength. Relative Strength Index (RSI) is at 42.12 and signals “Sell,” not yet oversold, while Stochastic RSI is neutral at 20.13. The Commodity Channel Index (CCI) and Bull/Bear Power (BBP) both suggest sellers are dominating, each forecasting a continued downside. Awesome Oscillator (AO) is neutral and does not confirm the price action. The pair gained $0.0492 or 15.61% intraday after opening with a mild downside gap of approximately -0.06%. Price is currently near the session high, with intraday volatility amplitude at 14.98%, showing strong strength toward the highs. This intraday performance contrasts with broadly bearish momentum readings.
Previously it was reported that the expansion of Ondo Finance's instant tokenization features positioned the platform for enhanced liquidity and investor interest, though technical signals suggested caution. The current outlook adds weight to this narrative, as persistent mixed momentum and dominant seller signals highlight the importance of monitoring for a decisive break above $0.3805 or below $0.3622 to determine the next trend direction.
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