ONDO Price Retreats to $0.94 Despite ETF Filing and Binance.US Listing
The post ONDO Price Retreats to $0.94 Despite ETF Filing and Binance.US Listing appeared on BitcoinEthereumNews.com. Alvin Lang Jul 30, 2025 13:09 Ondo (ONDO) trades at $0.94 after a 5% daily decline, testing key support levels despite recent positive catalysts including 21Shares ETF filing and Binance.US listing. Quick Take • ONDO currently trading at $0.94 (-5.08% in 24h) • Ondo technical analysis shows bearish momentum with MACD histogram turning negative • Recent ETF filing by 21Shares and Binance.US listing provided strong weekly gains of 20% What’s Driving Ondo Price Today? Despite experiencing significant positive developments over the past week, ONDO price has encountered selling pressure in the last 24 hours. The token is down 5.08% today, trading between $0.92 and $0.99, as profit-taking activities appear to be weighing on the market. The recent 20% weekly rally was primarily driven by two major catalysts. On July 22nd, 21Shares filed an S-1 registration with the SEC for a spot ONDO ETF, marking a significant step toward institutional adoption. The proposed ETF would hold ONDO tokens directly and track the CME CF Ondo Finance-Dollar Reference Rate, potentially opening the door for traditional investors to gain exposure to the real-world asset tokenization space. Simultaneously, Binance.US announced the listing of ONDO, enhancing accessibility for U.S. traders and contributing to an 8% intraday surge when the news broke. However, today’s price action suggests that short-term traders are taking profits after the substantial weekly gains. ONDO Technical Analysis: Mixed Signals Emerge The current Ondo technical analysis presents a complex picture for traders. ONDO’s RSI sits at 47.52, placing it in neutral territory and suggesting neither overbought nor oversold conditions. This neutral reading indicates that momentum could shift in either direction depending on market catalysts. However, bearish momentum is emerging in other indicators. ONDO’s MACD histogram has turned negative at -0.0158, signaling that bearish momentum is…
The post ONDO Price Retreats to $0.94 Despite ETF Filing and Binance.US Listing appeared on BitcoinEthereumNews.com.
Alvin Lang Jul 30, 2025 13:09 Ondo (ONDO) trades at $0.94 after a 5% daily decline, testing key support levels despite recent positive catalysts including 21Shares ETF filing and Binance.US listing. Quick Take • ONDO currently trading at $0.94 (-5.08% in 24h) • Ondo technical analysis shows bearish momentum with MACD histogram turning negative • Recent ETF filing by 21Shares and Binance.US listing provided strong weekly gains of 20% What’s Driving Ondo Price Today? Despite experiencing significant positive developments over the past week, ONDO price has encountered selling pressure in the last 24 hours. The token is down 5.08% today, trading between $0.92 and $0.99, as profit-taking activities appear to be weighing on the market. The recent 20% weekly rally was primarily driven by two major catalysts. On July 22nd, 21Shares filed an S-1 registration with the SEC for a spot ONDO ETF, marking a significant step toward institutional adoption. The proposed ETF would hold ONDO tokens directly and track the CME CF Ondo Finance-Dollar Reference Rate, potentially opening the door for traditional investors to gain exposure to the real-world asset tokenization space. Simultaneously, Binance.US announced the listing of ONDO, enhancing accessibility for U.S. traders and contributing to an 8% intraday surge when the news broke. However, today’s price action suggests that short-term traders are taking profits after the substantial weekly gains. ONDO Technical Analysis: Mixed Signals Emerge The current Ondo technical analysis presents a complex picture for traders. ONDO’s RSI sits at 47.52, placing it in neutral territory and suggesting neither overbought nor oversold conditions. This neutral reading indicates that momentum could shift in either direction depending on market catalysts. However, bearish momentum is emerging in other indicators. ONDO’s MACD histogram has turned negative at -0.0158, signaling that bearish momentum is…
What's Your Reaction?
