ONDO is trading at $0.40, gaining 2.5% in 24 hours with nearly $158 million in volume. The crypto's market cap sits at $1.96 billion, signaling growing investor interest. The recent breakout above the $0.41 resistance suggests a bullish turn, confirmed by technical patterns pointing to increased buying momentum.
Regulatory approval from the SEC for Ondo’s broker-dealer arm, Oasis Pro Markets, plays a key role in this shift. The subsidiary can now offer tokenized stocks, ETFs, IPOs, and mutual funds to U.S. investors under SEC and FINRA oversight. This milestone enables instant settlement and continuous trading on blockchain, expanding accessibility for institutional players.
Analyst Kamran Asghar highlights that ONDO completed its accumulation and consolidation phase, breaking out of the corrective range. This technical move underpins expectations of a rally toward $0.48, driven by rising demand and confidence in the token's short-term prospects.
With this SEC green light, Ondo advances its strategy to revolutionize U.S. capital markets by integrating tokenization technologies, following success with Treasuries and international securities. This positions ONDO as a frontrunner in regulated blockchain finance, benefiting from renewed market optimism alongside Bitcoin's recent trend.
