What to know:
- ONDO Derivatives data shows strong activity, with open interest up 37.66% and trading volume surging 238%.
- Analysts highlight a support bounce that could trigger upside targets at $0.547 and $0.80 if momentum continues.
- ONDO gains attention after being selected for the DTCC tokenization initiative, boosting its long-term outlook.
Ondo Finance (ONDO) is riding a wave of strong bullish momentum as the token bounces from a key support level and eyes a strong breakout. According to CoinMarketCap, ONDO is currently trading at $0.3085, with a 24-hour trading volume of $240.62 million and a market capitalization of $1.5 billion. Its price has surged by 11.2% over the last 24 hours and 17.86% over the last week.
Source: CoinMarketCap
ONDO Derivatives Point to Strong Upside Potential
According to Coinglass, the ONDO open interest increased 37.66% to $151.86 million, while trading volume surged 238.11% to $508.18 million, reflecting heightened market participation, stronger liquidity, and more active position building across derivatives.
Source: Coinglass
However, the OI-weighted rate of 0.0020% suggests minimal funding imbalance, indicating neutral sentiment with balanced long and short positions, stable leverage conditions, and lack of strong directional bias, reflecting steady behavior.
Source: Coinglass
Also Read: Ondo Finance Introduces Proxy Voting for Tokenized Equities
ONDO Support Bounce Could Trigger $0.80 Rally
Furthermore, the crypto analyst Alex Clay revealed that ONDO has shown renewed strength after bouncing from a key support zone that traders were closely watching.
Instead of breaking lower, the price stabilized and rebounded, suggesting buyers stepped in to defend the level. This reaction has shifted sentiment slightly bullish, with market participants now looking for continuation signs in the short term.
Source: Alex Clay’s X Post
If the trend continues, the levels to watch out for on the upside will be $0.54700 and $0.80350, as the price may face resistance in those areas.
However, confirmation is key, as one rejection cannot necessarily mean that the trend will reverse completely. It will be critical for future sessions to determine if ONDO can make a comeback or not.
DTCC Selects Ondo Finance for U.S. Tokenization Push
Apart from the price movement, Ondo Finance, an innovator in the field of tokenization, will participate in the DTCC Industry Working Group tasked with advancing tokenization within the U.S. financial markets.
The DTCC, custodian of over $114 trillion worth of assets and processing $3.7 quadrillion every year, is developing its blockchain-based settlement system alongside such giants as BlackRock, Goldman Sachs, and JPMorgan Chase.
Source: Ondo Finance’s X Post
Frank La Salla, the CEO of DTCC, foresees the impact that tokenization will have on the operations within the market, enhancing liquidity, transparency, and efficiency for investors.
With Ondo Finance already leading in issuing tokenized U.S. Treasuries and ETFs, it is well-placed to share its knowledge as the worlds of traditional finance and blockchain converge.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Pantera Capital Transfers 83.9 Million ONDO Tokens, Sparking Selloff Concerns
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