Ondo
ONDO
$0.264
trades at a price of $0.2639, slightly above the SMA-20 ($0.2615) and SMA-50 ($0.2613), but significantly below the long-term SMA-200 ($0.5135), reflecting a short-term bullish bias against the overall long-term bearish trend. Ichimoku Kijun is at $0.2664, which is above the current price and therefore represents the nearest resistance.
Franklin Templeton has partnered with Ondo Finance to tokenize five ETFs, enabling 24/7 trading on the blockchain across Europe thanks to regulatory approval from Liechtenstein.
Tokenized ETFs provide on-chain access to US stocks, fixed-income instruments, and gold, with distribution in the European Economic Area in more than 30 countries.
The technical outlook for ONDO in the short term remains bullish, but bearish in the long term; a sideways price movement is expected in the range of $0.2480–$0.2720 amid downward pressure.$ONDO
