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Why the ONDO Price Might Be One Breakout Away from $1.00

  • Ondo Finance, specializing in tokenizing traditional financial instruments, has seen increased attention and market value due to the SEC push for tokenizing real-world assets.
  • Coinbase has formally requested authorization from the SEC to bring tokenized equities to U.S. markets, aligning with the shift towards tokenized assets.
  • ONDO's price surged to $0.80 with a market capitalization of $2.51 billion, with potential for a rally towards $1.00 if bulls break above key technical zones.
  • Although technical indicators show bullish sentiment, the $0.80 resistance level needs stronger volume to confirm a breakout towards $1.00, amidst ongoing macro risks in the crypto space.

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