The post ONDO Price Consolidates at $0.90 as Tokenized Assets Platform Gains Momentum appeared on BitcoinEthereumNews.com.

James Ding
Sep 06, 2025 15:15

ONDO trades at $0.90 (-1.05% daily) with RSI at 45, showing neutral momentum despite recent tokenized stocks launch boosting platform adoption prospects.

Quick Take • ONDO currently trading at $0.90 (-1.05% in 24h) • Ondo’s RSI at 44.99 signals neutral momentum with potential oversold bounce • Tokenized US stocks and ETFs launch drives positive sentiment despite price consolidation What’s Driving Ondo Price Today? The ONDO price action reflects a market digesting recent positive developments while navigating broader crypto headwinds. Ondo Finance’s September 4th launch of over 100 tokenized U.S. stocks and ETFs represents a significant milestone for the platform, expanding accessibility to traditional financial assets through blockchain technology. This development initially boosted ONDO price by 6% over the past week, demonstrating strong market approval for the protocol’s expansion. The Global Markets launch on September 3rd further reinforced Ondo Finance’s position in the tokenized real-world asset ecosystem, with analysts highlighting its potential to attract institutional adoption. However, the immediate price impact has been muted as traders await concrete adoption metrics and institutional interest. Current ONDO price consolidation between the established range of $0.73-$1.19 suggests the market is building a foundation for the next significant move. The 24-hour trading volume of $11.9 million on Binance spot indicates healthy interest despite the minor daily decline. ONDO Technical Analysis: Mixed Signals Point to Consolidation Phase Ondo technical analysis reveals a market in transition, with the ONDO RSI at 44.99 positioned in neutral territory, neither overbought nor oversold. This reading suggests ONDO price could move in either direction based on market catalysts rather than technical extremes. The moving average structure shows mixed signals for ONDO traders. While the current price of $0.90 sits below key moving averages including the 7-day SMA…

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Filed under: News - @ September 7, 2025 2:28 am