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.