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ONDO Finance has had a milestone week, maintaining its position near $1 despite a slight pullback. A mix of bullish technical signals and market-wide catalysts—ranging from U.S. regulatory clarity to institutional adoption—has reinforced optimism around ONDO’s near-term prospects.
Regulatory Clarity Lifts Market Sentiment
A major boost came from the U.S. Commodity Futures Trading Commission’s (CFTC) new “Crypto Sprint” initiative, which provides clearer guidelines for listing spot crypto contracts on CFTC-registered futures exchanges. ONDO’s official X account highlighted this as a significant confidence-builder for digital assets, as it reduces uncertainty and sets the stage for broader institutional participation.
Adding to the momentum, former President Donald Trump signed an Executive Order expanding 401(k) access to cryptocurrencies. This policy could potentially open the crypto market to over 90 million Americans who currently lack direct exposure through their retirement plans, significantly broadening the investor base.
Institutional Moves Add Credibility
In parallel, global banking and finance players are deepening their involvement in the sector. Spanish bank BBVA announced custody services for Binance customers, allowing them to hold funds in U.S. Treasuries as collateral for trades. Meanwhile, JPMorgan, HQLA-X, and Ownera launched a cross-ledger repo solution that processed $5 billion in transactions within its first month.
Double Bottom Pattern Signals Bullish Setup
From a technical perspective, the ONDO/USD chart shows a clear double bottom pattern formed at the April and June lows—a classic bullish reversal indicator. The price is now approaching the neckline of this formation, with a breakout potentially paving the way for a rally toward $2 in the coming weeks.
Also Read: XRP MACD Crossover Sparks Breakout Hopes — Could This Be the Run to Double Digits?
Currently trading at $1.00 after a 3% dip, ONDO remains above its 200-day EMA—a critical support level for sustaining bullish momentum. A drop below this threshold could shift targets to $0.85 or even $0.75, while holding above it keeps the $2 forecast in play.
With regulatory clarity, expanding institutional engagement, and strong technical structure, ONDO Finance appears well-positioned for further gains. However, maintaining price action above key support will be essential to validating the bullish scenario.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
