Ondo drops more than 10% after fresh tokenized stock launches and high volatility

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Ondo slips 10.32% today on sell-off

Highlights

Ondo Finance launched onchain tokenized stock products using DTCC infrastructure, listing assets like CRCLon and SPYon on MEXC.
Partnership with Japan’s SBI Group enables tokenized Japanese equities and stablecoin-based settlements inside SBI’s distribution ecosystem.
ONDO/USD holds a bullish long-term structure but faces near-term downside pressure, with a five-day range expected between $0.2994 and $0.4074.

Increased token activity and partnerships as selling persists post-launch

Ondo Finance launched tokenized stock products onchain using DTCC tokenization infrastructure, including representations such as CRCLon and SPYon, now listed on exchanges like MEXC. The company partnered with Japan’s SBI Group to tokenize Japanese equities and distribute tokenized assets in SBI’s ecosystem, also utilizing the JPYSC stablecoin for settlement. These developments were accompanied by increased ONDO wallet activity and trading volumes, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees ONDO’s recent 10% drop as a warning signal despite ongoing partnerships and product launches. He is wary of the broad selling pressure overpowering the positive developments such as tokenized stock products and collaborations with SBI Group. Technically, ONDO hovers above key moving averages, but overbought short-term indicators and mixed momentum hint at rising risk. Further consolidation is possible, yet overheating oscillators suggest downside cannot be ruled out. "At these levels, I remain skeptical until ONDO confirms support, as downside pressure and heightened volatility undermine any bullish narrative."

Viktoras Karapetjanc, expert at Traders Union, notes ONDO’s solid fundamental momentum from tokenized assets, strong institutional partnerships, and growing wallet activity. He highlights that the bullish structure remains intact above all major moving averages, reinforcing a positive long-term outlook. Karapetjanc sees strong opportunities for further expansion, accelerated by innovative tokenization and new flows from the SBI partnership. "I am confident that ONDO’s ecosystem advances and technical resilience set the stage for further growth in the coming sessions."

Parshwa Turakhiya, analyst, believes ONDO presents mixed short-term sentiment with buyers still active above $0.3428. He points out that overbought oscillators and high volatility could create quick trading opportunities for attentive participants. Momentum is neutral, so price could consolidate or see sharp swings near resistance and support. "I see room for nimble trades within the expected volatility band, but would stay alert for shifts if $0.3442 or $0.3428 are breached."

Support holds amid mixed momentum and overbought technical signals

ONDO/USD is trading above the 20-day, 50-day, and 200-day moving averages at $0.3294, $0.3428, and $0.3163, respectively, which maintains a bullish structure for the short, medium, and long term. Immediate resistance is set at the Ichimoku Kijun level of $0.3442, while the nearest support aligns with the 50-day average at $0.3428, confirming a constructive longer-term trend. Momentum indicators are mixed: the MACD and ADX show a neutral setup, the RSI is below overbought territory, and yet the Stochastic RSI and CCI both flag overbought conditions. The Bull/Bear Power (BBP) is positive, indicating buyer dominance in intraday momentum, but caution is signaled by overheating oscillators.

Previously it was reported that ONDO faced persistent selling pressure despite notable partnerships and increased on-chain activity, reflecting cautious sentiment among traders. The current outlook builds on this by highlighting a heightened probability of upward momentum over the next week, with a breakout above $0.3442 serving as a key signal for further gains.

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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