Ondo (ONDO) Surges: Can It Hit $2.00 After SEC Clearance?
- ONDO price rebounds, trading at $0.5028 despite weekly declines.
- Analyst outlook turns bullish, projecting targets up to $2.00 as accumulation strengthens.
- SEC closes investigation, clearing Ondo Finance and paving the way for U.S. expansion in tokenized securities.
Ondo (ONDO) is currently trading at $0.5028, a 5.67% increase over the last 24 hours. Despite the positive price movement, trading activity cooled considerably, with volume slipping 35.06% to $96.64 million. Over the past week, ONDO has maintained the same price level, reflecting a 2.22% decline but demonstrating notable resilience under pressure.
According to recent technical observations, buyers have re-emerged at a critical support zone, helping the token stabilize after a period of corrective movement. Market participants note that ONDO’s ability to defend this region indicates continued confidence in its long-term fundamentals.
ONDO Near Key Support in Descending Channel
Crypto analyst Bit Amberly reports that ONDO is currently positioned near the lower boundary of a descending channel on the three-day chart. Despite recent sell-offs, the underlying support remains intact, with accumulation patterns gradually strengthening.
Amberly suggests that the current consolidation phase may serve as a launchpad for an upward trend, should momentum continue to build. Projected bullish targets include $0.56, $0.86, $1.14, $1.50, and ultimately $2.00, contingent on sustained buying pressure and a successful breakout from the channel.,
Traders tracking mid-term movements view this setup as a potential early stage of reversal, though broader market sentiment and regulatory factors continue to play influential roles.
Also Read | Ondo Finance SEC Probe Ends, No Charges, Boosting Tokenized Assets
SEC Concludes Ondo Finance Probe With No Charges
In a parallel development shaping investor sentiment, the U.S. Securities and Exchange Commission (SEC) has officially closed its multi-year investigation into Ondo Finance, issuing no enforcement actions. The inquiry examined the legal status of ONDO and the company’s practices involving tokenized real-world assets, including U.S. Treasuries and equities.
Founder and CEO Nathan Allman confirmed the conclusion, noting that Ondo had received formal notification that the investigation resulted in no recommended charges. This regulatory clarity is expected to significantly ease Ondo’s operational environment, particularly within the U.S. market.
Industry analysts interpret the decision as a positive signal for the broader tokenization sector. With legal uncertainties reduced, Ondo Finance may now accelerate its expansion of tokenized securities offerings, potentially contributing to the growing integration of blockchain-based financial instruments in traditional markets.
As regulatory acceptance strengthens, experts expect increased liquidity, rising institutional participation, and broader adoption of tokenized assets, positioning Ondo as a key beneficiary in the evolving financial landscape.
Also Read | ONDO stabilizes at support and signals a potential rally toward $1.18
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