Exodus Partners with Ondo to Launch Trading of 200+ Tokenized Assets
- Tokenized Asset Trading Expansion: Exodus Movement has partnered with Ondo Finance to launch Exodus Markets, enabling users to trade over 200 tokenized stocks, ETFs, and real-world assets on the Solana blockchain, marking a significant expansion of its services from cryptocurrency storage to asset trading and enhancing investment options for users.
- Market Value Surge: As of June 8, tokenized equities reached a market capitalization of $5.5 billion, reflecting a robust growth of approximately 147% since the beginning of the year, indicating strong potential in this emerging market and attracting increased regulatory scrutiny globally.
- User Control and Trust: CEO JP Richardson emphasized that users can now trade and hold tokenized equities with direct control and without compromising trust, thereby enhancing user confidence in the platform and promoting an expanded user base.
- Increased Regulatory Attention: With the rise of tokenized stocks, global regulators are paying closer attention to the sector; for instance, South Korea's Ministry of Economy and Finance stated that tokenized stocks should be treated as securities, potentially subjecting them to existing tax regulations, highlighting the importance of market compliance.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.238 | 0.275 | 0.316 | 0.354 | 0.394 | 0.432 | 0.472 |
| Fibonacci | 0.275 | 0.305 | 0.324 | 0.354 | 0.384 | 0.402 | 0.432 |
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