Ondo (ONDO) Doubles Tokenized Assets to 200, Faces $860M Token Unlock
- Asset Expansion: Ondo has doubled its tokenized equities offering to over 200 assets, including U.S. stocks and ETFs like NVIDIA and Tesla, which not only strengthens its role as a bridge between traditional markets and Web3 but also positions it to capture more than half of the tokenized market share.
- Token Unlock: On January 18, approximately 1.94 billion ONDO tokens will unlock, valued at around $860 million, primarily allocated for protocol development and ecosystem growth; however, the 40x returns for seed investors have led to cautious market sentiment regarding potential sell pressure.
- Market Reaction: While the market is pricing in the supply shock, it has yet to fully reflect the potential impact of institutional interest, resulting in ONDO's price appearing unusually low relative to its fundamentals, as investors remain wary of short-term supply risks.
- Institutional Participation: Two weeks post-unlock, Ondo will host a summit attended by BlackRock, JPMorgan, SWIFT, and DTCC, an event that could reshape market valuation of ONDO, although current market sentiment remains defensive.
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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 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 0.0936 | 0.148 | 0.207 | 0.261 | 0.32 | 0.374 | 0.433 |
| Fibonacci | 0.148 | 0.191 | 0.218 | 0.261 | 0.304 | 0.331 | 0.374 |
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