Ondo Finance to Launch Ondo Perps for Perpetual Contracts
- New Platform Launch: Ondo Finance is set to unveil Ondo Perps within weeks, offering perpetual contracts for real-world assets, which is expected to revolutionize trading in tokenized equities and commodities, enhancing market liquidity and accessibility.
- Market Leadership: With approximately 60% market share and $3.5 billion in total value locked, Ondo's new platform launch will further solidify its dominant position in the tokenized equity market and potentially attract more investors.
- Regulatory Approval Impact: The CFTC's approval of the first domestic perpetual futures contract paves the way for Ondo Perps, although regulatory risks and a case-by-case approval process may affect the speed of its expansion into the U.S. market.
- New CEO Challenge: New CEO Ian De Bode faces his first major product test following the founder's passing, and the success of Ondo Perps will directly impact the company's future strategy and market performance, particularly in an uncertain regulatory environment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 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 | 0.221 | 0.281 | 0.333 | 0.393 | 0.444 | 0.504 | 0.556 |
| Fibonacci | 0.281 | 0.324 | 0.35 | 0.393 | 0.435 | 0.462 | 0.504 |
About ONDO
About the author
