- ONDO trades at $0.28, followed by an 8% jump.
- The daily trading volume has surged by over 66%.
Recently, Ondo has partnered with Franklin Templeton, one of the world’s largest asset managers with $1.7T AUM. It offers tokenised versions of its ETFs through crypto wallets, bypassing the brokerage accounts and limited trading hours that have defined fund investing for decades.
The products, spanning U.S. equities, fixed income, and gold, will initially be available in Europe, Asia-Pacific, the Middle East and Latin America. Investors gain exposure to the ETFs without needing a brokerage account.
Significantly, the tokens can be used as collateral or plugged into DeFi applications, and the tokenised RWA market has grown 360% since 2025, currently sitting at $26.5 billion.
Meanwhile, ONDO has jumped by over 8.72% in the last 24 hours, and it has tested the crucial resistance levels. At press time, the asset is trading at around the $0.2812 range, with its daily trading volume having surged by over 66.54%, reaching the $149.39 million mark.
If the ONDO/USDT pair gains more traction, the price could rise to the $0.3048 resistance mark. Assuming the bullish momentum stays for a longer period, the golden cross would take place, which has the potential to send the price to its former high above $0.3219.
Conversely, with the ONDO price graph printing a red picture, the bears would reclaim the dominance, and the price could slip to the $0.2657 support range. A failure to sustain the $0.24 level might initiate more losses, along with triggering the death cross formation.
Is ONDO Set to Maintain Its Uptrend or Lose Steam?
The Moving Average Convergence Divergence (MACD) line is above the signal line, and both are above the zero line, indicating a clean bullish trend. Also, the move upward has steady strength, with ONDO climbing, and dips are likely to get bought as long as this momentum holds.
ONDO’s Chaikin Money Flow (CMF) indicator reading of -0.13 suggests noticeable selling pressure. There is more money flowing out of the asset, with sellers having the edge and buying interest looking weak. The market is leaning lower unless buying comes in to shift the balance.
Besides, the market sentiment is leaning bullish, with the Relative Strength Index (RSI) at 64.39. Buyers are in control, and the ONDO price has been moving up with steady momentum, but it is not overheated. It has enough room to push higher before entering the overbought zone.
The Bull Bear Power (BBP) value settled at 0.0237, showing a very slight bullish dominance. Notably, the buyers are in control, but the strength is weak. The ONDO market is barely leaning upward, pointing to sideways movement unless the momentum starts to build.
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Source: https://thenewscrypto.com/ondo-jumps-8-can-bulls-turn-this-into-a-stronger-run/
