Launch of tokenized stocks fails to lift Ondo

Traders Union
All News
Crypto
Ondo slides 9.03% today

Highlights

ONDO fell 9.03% to $0.6771, trading well below its MA-20 ($0.751), MA-50 ($0.8828), and MA-200 ($0.9006), confirming broad-based bearish pressure.
Ondo Global Markets launched over 100 tokenized stocks and ETFs on BNB Chain and partnered with Chainlink to target 3.4 million daily users and drive institutional adoption.
Technical outlook signals consolidation near $0.67, with less than 20% likelihood of an upward move and bearish acceleration likely if $0.6624 is breached.

Expansion of tokenized stocks and new Chainlink alliance drive adoption efforts

Ondo Global Markets has launched trading for over 100 tokenized stocks and ETFs on the BNB Chain, expanding access to 3.4 million daily users and aiming to improve adoption of tokenized assets. The initiative is part of a broader strategy to bridge traditional finance and decentralized platforms, further supported by a new partnership with Chainlink that will integrate Ondo products with standardized data and oracle infrastructure. Market sentiment is also shaped by the alliance with Chainlink to enhance institutional adoption of onchain tokenized assets.

Bearish control sustained as volatility rises and resistance holds

From a technical perspective, ONDO is under significant bearish pressure, as the price remains well below short-, medium-, and long-term moving averages. Dynamic resistance is located near the Ichimoku Kijun level at $0.6136, while no imminent death or golden cross signals have formed. Intraday volatility has been high, with sellers maintaining control after the open, and the session concluded near the daily low of $0.6767.

Further downside likely as consolidation narrows bullish recovery odds

Looking ahead, ONDO is expected to fluctuate between $0.6624 and $0.6824 over the next five trading days, with consolidation likely around $0.67. Weekly technical signals point to a low probability—less than 20%—of an upward move, favoring further downside in the baseline scenario. A bullish reversal could occur if resistance at $0.7342 is breached, while a decline below $0.6624 would likely accelerate losses.

Anton Kharitonov, expert at Traders Union, sees ONDO trading under pronounced bearish conditions, with persistent pressure below all key moving averages and sellers dominating price action. He notes that while the recent initiative to expand tokenized assets through major partnerships signals progress on the fundamental side, technical signals and sentiment remain negative. Short-term prospects favor further downside unless $0.7342 is reclaimed, with volatility likely to persist. "Base case remains defensive — as long as ONDO stays below $0.7342, I don’t trust the upside."

Previously, it was noted that the probability of a price increase is very low, with the report emphasizing further decline risk as narrow trading range limits upside. Technical analysis suggested persistent resistance from sellers across multiple timeframes, with weekly indicators supporting a scenario where further decline more likely.

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.