According to external sources, Ondo Perps, an Ondo, launched by Ondo, added a new use scenario to the protocol, where users can take up to 20 times as much leverage on the platform to engage in stock renewal contracts as in the form of a tokenization of real world assets (RWA). According to the article, this change has expanded the application of the ONDO ecology, but the market has not yet given clear price feedback.
Ondo Perps joined the RWA mortgage.
According to the article, this was also the first time that the agreement introduced the monetization of RWA as collateral for the relevant traded products. The Platform was accompanied by incentives to attract more mobility and user participation.
However, the market is not now rapidly recovering from news. According to the article, the relative restraint in the recent price performance of ONDO suggests that traders are still waiting for clearer demand signals before deciding whether to increase the valuation of the ecology.
That's $ 0.30.
According to the article, the current value of ONDO is approximately US$ 0.33309 and is still on the upward trend line since February. The trend line was taken over in April during the clean-up phase and in late June, indicating that the purchase was still in critical positions.
In mid-May, prices quickly went up between 0.47 and $0.50 and then went back. Nevertheless, the psychological threshold of $0.30 has not been effectively broken to date.
The article also mentioned that the short-cycle mean line was now flat in the vicinity of current prices, reflecting a decrease in volatility rather than a steady increase in depression.
$0.38 is a short-line, critical resistance.
According to the article, the first resistance that ONDO has to face is near US$ 0.38 for 200 cycles of EMA. If prices break this position effectively, the trend may shift from consolidation to further expansion.
According to the article, if the demand for buys increases when Ondo Perps goes online, the next main resistance of ONDO may look at $0.55 and then between $0.65 and $0.70.
At the same time, however, it was stressed that the maintenance of the current line of long-term upward trends would remain an even more important observation point until a stronger operational capability emerged. As long as this structure has not been destroyed, ONDO retains the basis for a follow-on release breakthrough.