ONDO price jumps 17%: can tokenized stocks push it above $0.40?

ONDO has rallied nearly 17% over the past 24 hours, climbing to around $0.37 after a series of institutional product launches and tokenization milestones fueled fresh buying interest across the market.

According to CoinGecko data, Ondo Finance's native token rose from roughly $0.32 to an intraday high near $0.37, extending its weekly gains to almost 15%. 

The rally came alongside a sharp increase in trading activity after the protocol unveiled several initiatives tied to tokenized US equities and traditional financial infrastructure.

Much of the attention has centered on Ondo Finance's July 15 launch of tokenized stock representations backed by DTC tokenized entitlements to securities held at the Depository Trust Company (DTC).

Unlike synthetic stock tokens, the new products function as digital representations of securities held within the DTC custody system. 

Through its integration with the DTCC Tokenization Service, Ondo allows eligible assets such as SPYon, which tracks the SPDR S&P 500 ETF, and CRCLon, linked to Circle shares, to move between traditional and blockchain-based markets while the underlying securities remain within the existing settlement infrastructure.

The deployment also places Ondo alongside institutions participating in DTCC's tokenization initiative, including BlackRock, JPMorgan Chase, Goldman Sachs, Nasdaq, and the New York Stock Exchange. 

Because the integration is already operating in production rather than remaining a proposed roadmap item, the announcement strengthened confidence in Ondo's institutional strategy.

Additional product launches have added to the bullish sentiment.

Recently, Ondo expanded its tokenized US stocks and ETFs across multiple layer-1 blockchains while introducing round-the-clock minting and redemption for assets including SPYon, NVDAon, and TSLAon. 

The platform now allows investors to gain blockchain-based exposure to US equities outside regular Wall Street trading hours, including weekends.

Institutional participation has also been supported by Ondo's custodial integration with Broadridge. 

According to the company, the system gives token holders proxy voting rights while keeping the assets within established regulatory structures, making the products more attractive to traditional financial firms exploring tokenization.

At the same time, demand has also been supported by the rapid expansion of Ondo Perps.

The derivatives platform enables eligible users outside the United States to trade perpetual futures tied to tokenized equities with leverage of up to 20x. 

It also allows tokenized stocks to be used as collateral, increasing capital efficiency.

Ondo said the platform has already processed billions of dollars in cumulative trading volume while expanding its product lineup with Bitcoin and Ethereum perpetual contracts.

Market participants have also continued rotating toward projects tied to real-world assets. 

Ondo remains one of the largest decentralized finance protocols focused on tokenized US Treasuries and institutional-grade financial products, giving the token an additional utility narrative during periods of mixed crypto market sentiment.

ONDO price analysis

From a technical standpoint, ONDO has strengthened considerably following its latest breakout.

The daily chart shows the token reclaiming the 20-day, 50-day, and 100-day exponential moving averages, which currently sit around $0.3335, $0.3370, and $0.3367.

See below:

ONDO/USDT 1-day price chart. Source: TradingView.

Reclaiming this cluster after several weeks of sideways trading indicates buyers have regained control of the short-term trend.

The next major hurdle comes from the 200-day EMA near $0.377, which the token is currently testing. 

A decisive daily close above this level would place ONDO back above all four major moving averages for the first time in months and could strengthen the bullish outlook.

Volume Profile Visible Range (VPVR) data also support the current structure. 

The largest historical trading activity remains concentrated around the $0.24 to $0.26 region, establishing a long-term demand zone.

More immediate support has now moved higher toward the $0.333 to $0.337 area, where the three shorter-term EMAs are beginning to converge.

Momentum indicators also point to improving strength.

The daily Relative Strength Index has climbed to around 65, moving well above its signal line while remaining below the overbought threshold of 70.

See below:

ONDO/USDT 1-day price chart. Source: TradingView.

This indicates momentum has accelerated without yet reaching levels that often precede exhaustion.

The Fibonacci retracement chart also shows ONDO breaking above the 23.6% retracement level near $0.324, turning the previous resistance into support. 

If buyers maintain control, the next technical resistance sits around the recent swing high near $0.38, followed by the psychologically important $0.40 level.

Should profit-taking emerge, Fibonacci support levels are located near $0.31 at the 38.2% retracement, $0.299 at the 50% level, $0.287 at the 61.8% retracement, and $0.270 near the 78.6% level.

The recent price action also supports the bullish case.

CoinGecko's intraday chart shows ONDO recording two strong breakout moves before consolidating between $0.36 and $0.37, and as of press time it has not given back its gains. 

Buyers repeatedly defended the $0.36 region before pushing the token back toward session highs, while higher intraday lows suggested demand remained consistent throughout the trading session.

Whether the rally extends further will likely depend on ONDO's ability to establish support above the 200-day EMA. 

A confirmed breakout above $0.377 could open the door to a retest of $0.40, while failure to hold the current move may send the token back toward the $0.333 to $0.337 support zone before buyers attempt another move higher.