Ondo Finance Predicts 2025 as Key Year for Tokenized Stocks
Ondo (ONDO) Overview
- ONDO rose 1.5% to $0.7671 in the past 24 hours, maintaining recent highs after a week of gains.
- The increase follows a new collaboration announced by Ondo Finance focused on tokenized securities standards.
- Ondo created the Global Markets Alliance with participants including Solana Foundation and BitGo to enhance interoperability and access to tokenized assets.
- Upcoming launch of Ondo Global Markets will allow users outside the U.S. to access tokenized exposure to U.S. stocks, ETFs, and mutual funds.
- Alliance members are contributing various services, from custodial infrastructure to integration of tokenized asset standards.
- The group aims to improve technical compliance standards for tokenized securities and support cross-platform liquidity.
- Ondo predicts 2025 will see increased adoption of tokenized stocks.
Technical Analysis Highlights
- From June 28 to June 29, ONDO gained 2.67%, moving from $0.749 to $0.769.
- Support confirmed at $0.755 with high trading volume on June 28.
- Resistance at $0.765 was surpassed with a volume spike to 8.9 million on June 29.
- Minor drop from $0.773 to $0.769 observed with selling pressure noted.
- Temporary support formed at $0.768 as recovery attempts above $0.769 failed.
- Final hour price action indicated a descending channel but showed signs of potential reversal.