Wall Street Accelerates Blockchain Infrastructure Development
- Stablecoin Settlement Network: Mastercard and Visa are building stablecoin settlement infrastructure for issuers and payment networks, signaling a shift towards core financial infrastructure that is expected to enhance transaction efficiency and reduce costs.
- Tokenized Deposit Network: JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and The Clearing House are planning to launch a tokenized deposit network in the first half of 2027, which will drive innovation in the banking sector and enhance customer experience in the digital asset space.
- Tokenization in Private Markets: Citi launched Digital Depositary Receipts in June, providing a new investment channel for private companies amid rising demand for high-profile IPO candidates, further advancing the tokenization process in private markets.
- Digital Asset Custody Integration: Standard Chartered's acquisition of Zodia Custody's crypto custody business enhances its digital asset capabilities, highlighting the growing importance of digital asset custody as a foundational layer for financial institutions' digital asset applications.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 4 indicators are flashing buy, while 7 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 | 0.246 | 0.283 | 0.317 | 0.355 | 0.389 | 0.427 | 0.461 |
| Fibonacci | 0.283 | 0.31 | 0.327 | 0.355 | 0.382 | 0.399 | 0.427 |
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