Ondo price jumped 16.2% today, marking one of its biggest single-day gains in months. The surge followed a Bloomberg report that the SEC is preparing an “innovation exemption” to allow tokenized securities to trade on decentralized crypto platforms.
Trading volume backed up the price move, reaching $227.6 million for the day, a 127% jump from the previous session. Ondo coin stands to benefit the most from the SEC’s plans, and the market is reacting quickly.
SEC Clears Path for Digital Stock Trading
The Bloomberg report outlines a plan to trade blockchain-based digital securities on decentralized platforms, marking a major change in US financial markets. Ondo Finance stands out because its infrastructure is already in place.
Ondo currently offers 260 tokenized US stocks and ETFs across Ethereum, Solana, and BNB Chain, holding about 70% of the tokenized equity issuer market.
RWA data shows Ondo’s distributed asset value at $3.76 billion, up 6.63% in the past month. Monthly transfer volume is $2.63 billion, up 26.94%. The platform reached $1 billion in TVL in less than 8 months and has handled over $18 billion in total trading volume. There are now 266 RWAs and 107,278 holders, up 18.42% in 30 days.
So far, none of this growth is from US investors, since they still can’t use the protocol. Ondo Finance recently got regulatory approval in 30 European countries, giving it access to over 500 million potential users. The team aims to reach $5 billion in TVL by the end of the year.
READ MORE: Circle Stock Set to Surge as Bond Yields Soar and Bullish C&H Pattern Forms
When US investors are finally allowed in, Ondo will already have market share, proven trading infrastructure, and regulatory examples set by other countries.
Ondo Price Eyes $0.65 After Neckline Rejection and Retest
After dropping to lows near $0.20 to $0.22 late last year, ONDO coin has slowly formed a large rounding bottom on the daily chart. This pattern suggests buyers are gradually absorbing supply instead of chasing prices. The TradingView daily chart shows a long fall from $1.10, a base near $0.20, and then a steady rise of higher lows into May.
The key level here is $0.46 to $0.48, known as the neckline. This is the ceiling the pattern needs to break to confirm a real reversal. Ondo Finance crypto price has already tested this level once, was rejected, and then pulled back.
What mattered was where the price pulled back. Buyers stepped in at around $0.35 instead of letting it fall back to the base, keeping the pattern intact. Now, bulls need to hold the $0.34 to $0.36 zone. If they lose it, the breakout attempt fails. If they defend it, the setup remains strong.
Analyst DonWedge has set $0.70 as the medium-term target, a previous resistance zone that could turn into support if the price reaches it. Thai is roughly 77% move from the current level. However, the measured move from the formation puts the first target at $0.58-$0.65 if the price breaks above $0.48.
One more thing to note is that the ADR indicator at the bottom of the chart is rising after months of staying flat. This means the market is moving more each day than before, so volatility is coming back. That usually happens before a big move, not after.
The Ondo price prediction depends on whether bulls can push the price above $0.48 and keep it there on a daily close. Until that happens, the structure is getting better, but it is not confirmed yet.
READ MORE: $1.5 Trillion SpaceX IPO is Nearing: Top Stocks and ETFs to Buy
