ONDO climbs nearly 10% after instant mining and tokenized equities launch
Ondo Finance (ONDO) surged 9.83% after surpassing $1 billion in total value locked (TVL) across its tokenized asset platforms, reflecting growing adoption of its products. The upward momentum is supported by the asset trading above all key moving averages, affirming a bullish technical backdrop despite mixed momentum signals.
Highlights
- Ondo Finance platform surpassed $1 billion in total value locked, now offering tokenized U.S. stocks and ETFs with instant access.
- Growing institutional involvement and evolving regulatory frameworks continue to shape Ondo Finance's product development and market positioning.
- ONDO/USD maintains a bullish technical structure but short-term momentum is stretched, with price expected to trade between $0.3729 and $0.4251 over the next five days.
Ecosystem expansion accelerates amid institutional demand and regulation
Ondo Finance has exceeded $1 billion in total value locked across its tokenized platforms, including the addition of U.S. stocks and ETFs. The firm now supports instant mining and redemption for tokenized equities and ETFs, expanding investor access and ecosystem capabilities. Ongoing institutional interest and work on portfolio products, along with regulatory developments such as the Clarity Act, continue to shape Ondo's product offerings.
Momentum divergence emerges as prices test highs near resistance
ONDO/USD is trading decisively above its MA-20 at $0.3486, MA-50 at $0.3549, and MA-200 at $0.3152, confirming bullish structure across timeframes. The Ichimoku Kijun at $0.3747 offers nearby support, while resistance sits at $0.3966. Among oscillators, the MACD indicates strong selling pressure, the RSI at 51.45 issues a buy signal, and the Stochastic RSI points to overbought conditions. The ADX at 13.36 highlights weak trend strength, the CCI is neutral, and BBP at 0.0196 reflects prevailing intraday buying momentum. The Awesome Oscillator gives a neutral reading. Today, ONDO/USD climbed $0.0352 or 9.83% after an initial downside gap of -0.67%, with price action staying near daily highs and intraday volatility at 12.41%. This steady strength close to session peaks, alongside overextension risks from oscillators, points to momentum divergence.
Previously it was reported that Ondo showed sustained bullish momentum supported by growing adoption of its tokenized asset protocols. The latest price action, marked by a decisive move above key moving averages and ongoing volatility, now positions $0.3966 as the primary resistance level to watch for signs of a potential breakout in the coming sessions.