Key Takeaways A daily close above $0.37 would open the next resistance near $0.42. New and active addresses increased for […]
The post ONDO Holds 16% Gain After DTCC Rally – Key Levels Ahead appeared first on Coindoo.
Key Takeaways
- A daily close above $0.37 would open the next resistance near $0.42.
- New and active addresses increased for three consecutive days alongside the rally.
- The DTCC and SBI developments support Ondo’s business, but they do not create direct revenue rights for ONDO holders.
The retracement has not yet damaged the broader recovery. ONDO remains above its 50-day, 100-day, and 200-day simple moving averages, although buyers have not secured a daily close above the resistance area between $0.37 and $0.38.
The next daily close now carries more information than the initial jump. Holding above the reclaimed moving-average cluster would preserve the recovery, while a close through $0.38 would confirm that buyers can absorb the supply sitting above the breakout.
ONDO Runs Into Its First Major Resistance
The rally developed from the area surrounding the 200-day SMA and the 0.618 Fibonacci retracement, where ONDO had repeatedly found support. Price then reclaimed the 100-day SMA at $0.33, the 50-day SMA at $0.34, and the 0.5 Fibonacci level at $0.345 during the same recovery.
The three moving averages now sit below the current market:
- 50-day SMA: $0.34
- 100-day SMA: $0.33
- 200-day SMA: $0.31
The arrangement is constructive but not fully bullish. The 50-day SMA is flattening and approaching the 100-day average, although the two have not completed a bullish crossover. The 200-day SMA is still declining, showing that the longer-term trend has not yet turned upward.
Daily RSI has risen to 61, above its signal reading of 49 and its highest level since the May peak. Momentum is strong without being technically overbought, but the rapid increase also leaves room for consolidation.
The July 15 advance printed 35.6 million in volume, roughly three times the recent average and the largest green volume bar since May. That confirms meaningful participation in the move off the 200-day SMA, but the rejection below $0.37-$0.38 shows that resistance remains intact.
New Wallet Activity Continued After the Catalyst
Data shared by Santiment Intelligence shows that ONDO network growth accelerated during the rally.
Network Momentum: New Address Growth
Trend Alert: Adoption is accelerating, with a consistent increase in new participants over the past three days.
Daily active addresses followed the same direction, rising from 1,410 to 1,971 and then 2,589. That was the strongest three-day sequence since June and more than double the pace recorded in early July.
The continuation is more useful than the absolute totals. News-driven rallies often produce one sharp burst in activity as traders move tokens between wallets and exchanges. Three consecutive increases indicate that participation continued as the price advanced and then pulled back.
The figures do not establish that those wallets bought Ondo Stocks, deposited capital into Ondo products, or became long-term users. Exchange transfers and speculative positioning can also increase address activity. Sustained readings after the launch headlines leave the immediate news cycle would provide stronger evidence of lasting adoption.
What Ondo Actually Launched With DTCC
The largest catalyst arrived on July 15, when Ondo launched its first tokenized stock representations based on DTC tokenized entitlements to securities held at The Depository Trust Company.
The initial structure covered:
- CRCLon: Ondo’s tokenized representation linked to Circle shares
- SPYon: Ondo’s tokenized representation linked to the SPDR S&P 500 ETF Trust
The conventional securities remain inside DTC’s custody infrastructure. Its Tokenization Service creates digital entitlements linked to those positions, while Alpaca Markets connects Ondo to the DTC participant network and supports movement between conventional and tokenized formats.
This is more precise than saying that all Ondo tokenized stocks are now “DTCC-backed.” The initial launch connects two Ondo products with DTC-held securities and provides a model that could be expanded as DTCC’s service develops.
Ondo CEO Ian De Bode said the company’s infrastructure was built to “interoperate with institutional market infrastructure, not to compete with it.”
Tokenized Exposure Is Not the Same as Owning a Share
According to Ondo’s official product documentation, Ondo Stocks are structured notes issued by Ondo Global Markets (BVI) Limited.
The tokens are designed to provide economic exposure to the corresponding security and are backed by underlying assets and cash in transit. Holders can redeem their tokens for the value of that exposure, but they do not appear on the underlying company’s shareholder register.
They therefore do not receive conventional shareholder rights such as:
- Voting at company meetings.
- Direct ownership of the underlying shares.
- Statutory shareholder information rights.
- The right to demand delivery of the corresponding stock.
The DTCC connection strengthens the settlement and custody structure. It does not transform CRCLon or SPYon into conventional shares held directly in the token owner’s name.
SBI Partnership Extends the Catalyst Beyond US Stocks
Ondo and SBI Group announced a strategic partnership focused on Japanese equities. SBI is one of Japan’s largest financial groups, with more than $250 billion in assets across securities, banking, insurance, asset management, and digital assets.
SBI’s established financial channels could give Ondo access to Japanese investors without requiring it to build local distribution from the ground up. SBI Holdings CEO Yoshitaka Kitao described Ondo as a potential “key strategic partner” in the group’s effort to create a global corridor for digital assets.
The agreement remains at an early stage. The companies have not identified the first Japanese equities, provided a commercial launch date, disclosed expected volumes, or detailed the fees attached to issuance and settlement. JPYSC is also a planned component rather than an active source of demand today.
Business Growth Does Not Automatically Accrue to ONDO
The two announcements strengthen Ondo’s position in tokenized capital markets, but they do not change the contractual rights attached to the ONDO token.
Ondo Foundation documentation defines ONDO as the governance token for the Ondo DAO and Flux Finance. Holders can participate in governance, but the token does not provide an automatic claim on Ondo Finance revenue, profits, dividends, or fees generated by Ondo Stocks.
The transmission to ONDO is therefore indirect:
- The DTCC model may improve the institutional credibility of Ondo Stocks.
- The SBI agreement may expand distribution and settlement options.
- Greater adoption may strengthen market demand for the broader Ondo ecosystem.
Those developments can influence the token through expectations, governance demand, liquidity, and investor interest in the RWA sector. They do not establish contractual cash flow for token holders.
Three Important Levels
The chart supports three measurable scenarios.
ONDO Technical Outlook
Losing $0.31 on a daily closing basis would invalidate the current breakout and reopen the 0.786 Fibonacci retracement near $0.26.
ONDO’s move has stronger participation than a typical one-day reaction to news, but the trend reversal remains unconfirmed. The distinction now comes down to whether price can reclaim $0.37 or loses the support rebuilt during the July 15 breakout.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
The post ONDO Holds 16% Gain After DTCC Rally – Key Levels Ahead appeared first on Coindoo.
Source: https://coindoo.com/ondo-holds-gain-after-dtcc-rally-levels-ahead/
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