ONDO is approaching a potential pullback as traders watch a key support zone for signs of renewed buying pressure. Meanwhile, Ondo has launched spot trading for tokenized stocks, integrating spot assets, collateral, and perpetual contracts to expand its onchain trading infrastructure and support streamlined hedging strategies.
As of now, according to CoinMarketCap data, ONDO is trading at the price of $0.5068, down 1.38% on the day despite an 18.09% increase over the past week.
ONDO Price Eyes $0.69 Target After Potential $0.45–$0.49 Retest
According to crypto analyst Giannis Andreou, ONDO is approaching a potential pullback setup, with the $0.45–$0.49 range emerging as a key area to watch. A successful retest and defense of this zone could preserve the token’s current structure and open the way for another move higher.
The analyst expects ONDO to cool toward the $0.45–$0.49 region rather than immediately extend its advance. Such a pullback would test whether buyers are willing to defend the range and keep the broader bullish structure intact.
If ONDO holds this support zone, the analyst expects renewed buying pressure to push the token toward higher levels. The setup depends on the anticipated retracement developing into a successful support test rather than a breakdown below the highlighted range.
The main upside target on the analyst’s chart sits around $0.69. The setup therefore follows a clear sequence: ONDO retraces toward $0.45–$0.49, buyers defend the range, and the token resumes its advance toward $0.69.
Ondo Launches Spot Trading for Tokenized Stocks on Perps Platform
The data from Ondo Perps further shows that spot trading for its tokenized stocks is now live, bringing spot assets, collateral management, and perpetual contracts together on a single platform. The setup allows eligible users outside the U.S. to trade Ondo Stocks through a spot central limit order book without requiring permissioned access.
The platform is designed to support basis-trading strategies by allowing users to buy an Ondo Stock, use the position as collateral, and short its corresponding perpetual contract to capture funding payments. Because the same spot position can provide both market exposure and collateral, the structure can reduce the capital required for delta-neutral strategies.
Ondo said the launch also reduces the operational burden of managing the two sides of a trade across separate platforms. Keeping spot and perpetual positions within one platform gives traders a unified environment for managing collateral and hedging their exposure.
The initial rollout includes 12 tokenized assets spanning commodities, individual stocks, and ETFs. The list includes Silver (SLVon), Gold (GLDon), Micron (MUon), Tesla (TSLAon), Circle (CRCLon), NVIDIA (NVDAon), SpaceX (SPCXon), SanDisk (SNDKon), Alphabet (GOOGLon), S&P 500 ETF (SPYon), Invesco QQQ (QQQon), and Roundhill Memory ETF (DRAMon). Ondo said additional assets will be added over time.
The launch expands the utility of Ondo Stocks beyond providing onchain exposure to traditional assets. After enabling tokenized equities to serve as collateral, Ondo is now combining spot trading with perpetual markets as it develops a broader onchain trading infrastructure.
