The ONDO token, currently priced at $0.7528, is experiencing some market challenges despite significant developments, particularly its integration with Visa.
Current Trading Trends of ONDO
ONDO is showing a daily drop of 4.94% and a weekly decline of 13.99%, with a monthly loss of 17.68%. Over the past six months, the token has fallen by 58.48% and is down 43.85% year-to-date. However, it still retains a 151% gain from its all-time low.
Partnership with Visa and Its Implications
The partnership announced in April involves the integration of USDG, ONDO's tokenized stablecoin, allowing access to U.S. Treasury yield. This collaboration bolsters ONDO's position as a key player in the tokenized securities space linked to real-world assets.
Technical Analysis and Predictions
Technical analysis indicates that ONDO has broken below its ascending support line and entered a volatile consolidation phase. Momentum indicators like RSI and MACD are leaning bearish, but ONDO is approaching critical support around $0.70. Predictions show potential targets of $1.50–$1.80, but there is also a risk of a drop toward $0.50.
Despite current price fluctuations, the partnership with Visa and rising investor interest create a positive outlook for ONDO moving forward.
