Ondo Finance is making waves again. Following a sharp price rally, the protocol has reclaimed a $3 billion market cap—its first time above that level since March 8. The surge comes amid renewed investor interest, bolstered by a key meeting between the project’s team and the U.S. Securities and Exchange Commission (SEC).
ONDO Surges Past $1 After SEC Meeting
At the time of writing, ONDO is trading at approximately $1.01, marking a 16% gain in the past 24 hours. Trading volume has skyrocketed by 147%, reaching over $600 million, a clear sign that investor interest is heating up.
This rally aligns closely with news of Ondo Finance’s recent discussion with the SEC. During the meeting, the company—alongside legal experts from Davis Polk & Wardwell—proposed a framework for tokenizing U.S. financial assets.
Regulatory Talks Spark Investor Optimism
The SEC meeting focused on critical topics such as broker-dealer laws, market oversight, and token registration. Ondo’s team proposed sandbox initiatives and possible regulatory exemptions to foster innovation without compromising investor protection.
This forward-looking approach may have reassured the market. It suggests Ondo is positioning itself as a bridge between traditional finance and blockchain technology.
Technical Indicators Signal Strength—But Caution Remains
ONDO’s recent breakout above the $1.00 level is supported by strong technical indicators. The Relative Strength Index (RSI) is currently at 65, indicating bullish momentum. Meanwhile, the token trades above short- and mid-term moving averages, and the MACD indicator shows a bullish crossover.
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However, not all metrics are aligned. Long-term indicators, like the 200-day moving average, still signal caution. Despite the rally, ONDO remains 53% below its all-time high of $2.14, meaning there’s still room to grow—but also room for volatility.
What’s Next for ONDO?
If the current momentum holds, ONDO may continue its upward trajectory. Its proactive approach to regulation, combined with rising demand and market confidence, puts the protocol in a strong position. However, long-term investors may want to keep an eye on macro market trends and regulatory updates.
