$ONDO tokenized stocks just hit a record, yet ONDO is down 47% on the year. Undervalued or a dead narrative? 👀
📊 Price: ~$0.48 (+21% on the month, -7% on the week)
🔑 Support: $0.44-$0.46, then $0.415
🚧 Resistance: $0.485-$0.50, then $0.55
🎯 Target: $0.55 first, then $0.70 if it clears $0.55
🛑 Invalidation: close below $0.415
The bull case: Ondo leads the tokenized stock market, which just reached a record high, and a new futures product tied to Ondo was filed with the CFTC. $BNB Chain's tokenized assets also passed $1B.
The bear case: price has lagged the rest of the market, and one analyst expects another pullback to $0.44-$0.46 before a base forms.
The level to watch is $0.485, the chart's confirmation point. Holding $0.44-$0.46 keeps the $0.70 scenario alive, while a close below $0.415 cancels it.
Are you bullish or bearish on $ONDO? Drop your take 👇
📊 Price: ~$0.48 (+21% on the month, -7% on the week)
🔑 Support: $0.44-$0.46, then $0.415
🚧 Resistance: $0.485-$0.50, then $0.55
🎯 Target: $0.55 first, then $0.70 if it clears $0.55
🛑 Invalidation: close below $0.415
The bull case: Ondo leads the tokenized stock market, which just reached a record high, and a new futures product tied to Ondo was filed with the CFTC. $BNB Chain's tokenized assets also passed $1B.
The bear case: price has lagged the rest of the market, and one analyst expects another pullback to $0.44-$0.46 before a base forms.
The level to watch is $0.485, the chart's confirmation point. Holding $0.44-$0.46 keeps the $0.70 scenario alive, while a close below $0.415 cancels it.
Are you bullish or bearish on $ONDO? Drop your take 👇