Key Insights:
- ONDO price holds about 16% above July 14 levels despite a pullback in the crypto’s value to $0.36.
- A daily close above $0.3787 could expose resistance near $0.42.
- New and active addresses increased for three straight days during the rally.
ONDO price holds near $0.36 after gaining about 16% from its July 14 level. The move followed two tokenization announcements from Ondo Finance. One connected selected products to DTC tokenized entitlements. The other outlined a partnership with Japan’s SBI Group.
Buyers pushed the token close to $0.39 before profit-taking pared the advance. Even after the pullback, the ONDO price stays above three major daily moving averages. New and active addresses also rose for three consecutive days. ONDO crypto traders now focus on $0.3787, where a daily close could open the next resistance near $0.42. The market awaits a confirmed breakout.
Meanwhile, the analysis and predictions are based on the charts shared by experts and don’t guarantee any future performance. Investors should exercise due diligence as digital assets are highly volatile and the price may continue to move sideways.
ONDO Price Holds Above Key Averages After the Rally
ONDO price rebounded from the area around the 200-day simple moving average near $0.31. It then reclaimed the 100-day average around $0.33 and the 50-day average near $0.34. Those levels now form the first support cluster beneath the market.
The recovery also moved through the 0.5 Fibonacci retracement near $0.345. Daily RSI rose to about 61 at the time of writing, placing momentum above its signal reading without reaching overbought territory. Trading volume also reached 35.6 million at the same time, roughly three times the recent average.
Still, the longer trend has not fully reversed. The 50-day average is only approaching the 100-day average. Meanwhile, the 200-day line still slopes lower. A close below $0.34 would weaken the setup and expose support near $0.33. The deeper floor sits between $0.31 and $0.32.
ONDO Price Meets Heavy Supply Near the $0.38 Level
The immediate test sits at $0.3787, close to the resistance zone that stopped the latest advance. A daily close above that level would confirm stronger demand above the breakout area. It could also expose resistance near $0.42, which aligns with an earlier Fibonacci level.
Short-term liquidity may add volatility around $0.38 and $0.39. Derivatives data from CoinGlass show concentrated short liquidation levels in that range. A sustained push higher could force some bearish positions to close. On the downside, liquidity clusters near $0.35 and $0.34 may attract attention during another pullback.
The bullish structure depends on buyers holding the reclaimed averages. ONDO price needs to defend $0.34 to protect the near-term recovery. A daily loss of that level would shift focus toward $0.33. Losing $0.31 would invalidate the setup and reopen the 0.786 Fibonacci area near $0.26.
Tokenized Stocks and SBI Deal Drive Network Activity
Ondo launched CRCLon and SPYon using DTC tokenized entitlements tied to DTC-held securities. CRCLon tracks Circle shares, while SPYon tracks the SPDR S&P 500 ETF Trust. The underlying securities remain within the DTC custody infrastructure, with tokenized entitlements supporting their digital representations.
These tokenized stocks provide economic exposure rather than direct ownership of the underlying shares. Holders do not receive the conventional rights attached to registered stock ownership. That distinction limits claims that the products are identical to directly held equities.
Meanwhile, Ondo and SBI Group plan to tokenize Japanese assets and distribute Ondo crypto products through SBI channels. The companies also plan to use SBI’s JPYSC stablecoin for settlement and collateral. However, no launch date or initial list of Japanese equities has been announced.
Santiment data shows that new addresses increased from 367 to 562, then to 754, between July 14 and July 16. Active addresses rose from 1,410 to 1,971, then to 2,589. The three-day increase shows broader network use during the Ondo crypto rally. Exchange transfers may also raise activity, so the figures do not confirm long-term adoption.
