Ondo
increased by 1.5% to $ 0.7671 in the last 24 hours, holding close peaks after a week of winnings, according to the Technical Analysis model of Coindesk Research.
This decision comes approximately two weeks after Ondo Finance revealed that a new collaboration in the industry focused on the establishment of token titles standards.
In a blog post of June 17, the company announced the creation of the Global Markets Alliance, a group of portfolios, exchanges and guardians working together to improve interoperability, investor protections and access to active world. Participants include the Solana, Bitgo, Fireblocks, Jupiter, 1inch, the portfolio of trust, the Bitget portfolio, the rainbow portfolio and alpaca.
The announcement provides for the planned launch of ONDO ONDO World Markets, a platform to allow portfolios and cryptographic applications to offer tokénized exposure to American American titles, such as shares, ETF and investment funds, for users based outside the United States, according to the Company, the initiative is to reduce the frostructures associated with the traditional market infrastructure.
Each member of the alliance contributes to a different capacity. Wallet suppliers such as the Trust portfolio and the rainbow portfolio incorporate asset standards with Ondo tokenized, while exchanges such as Jupiter and aggregators like 1 Inch should support programmatic access to tokenized assets. Bitgo and Fireblocks provide an institutional guard and infrastructure, and Alpaca manages brokerage and regulation services adapted to tokenized titles.
The firm said that the group will endeavor to align technical and compliance standards for token titles, improve multiplatform access and liquidity, and support use cases such as self-cuir and onchain trading. Although the Alliance was not engaged in a specific calendar, its members supervised the initiative in the context of a longer -term change towards the integration of traditional financial products in blockchain -based systems.
In an article on X dated June 28, Ondo Finance wrote that “2025 will be the year of tokenized actions”, indicating the conviction of the team that the adoption of tokenized financial instruments could accelerate during the next quarters.
Strengths of technical analysis
- Between June 28 3:00 p.m. UTC and June 29, 2:00 p.m. UTC, Ondo went from $ 0.749 to $ 0.769, a gain of 2.67% in a 3.33% negotiation range.
- Solid support was confirmed at $ 0.755 with a high volume during the hour 9:00 pm UTC on June 28.
- The key resistance at $ 0.765 was broken during UTC 00:00 UTC time on June 29, when the volume increased to 8.9 million.
- From 1:05 p.m. to 2:04 p.m. UTC on June 29, Ondo went slightly from $ 0.773 to $ 0.769, a drop of 0.58%, with a notable sale at 13:33 UTC.
- A temporary support level was formed at $ 0.768 because several recovery attempts over $ 0.769 failed in the last minutes.
- The price action at the last hour formed a downhill channel with lower peaks, but the last candle referred to a potential reversal.
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