Ondo Finance's ONDO token rose sharply, trading at $0.3966 with a 24-hour volume of $244.48 million and a market cap of $1.93 billion on July 21, 2026.
The token surged 12.29% in 24 hours, driven by a confirmed bullish breakout from a descending wedge pattern, signaling renewed momentum and a potential end to the previous correction.
Crypto analyst The Boss noted that ONDO reached its projected target, validating the technical setup and indicating buyers are regaining control.
Following this breakout, ONDO is approaching a key resistance level at $0.48, where selling pressure is expected to intensify. Holding above new support levels is vital for further gains.
Ondo Finance has expanded its ecosystem by integrating tokenized stock collateral into its perpetual futures (perps) platform. Traders can now use tokenized stocks like SPYon and QQQon as collateral without converting to stablecoins.
This allows portfolio use of up to 20x on a single blockchain network, boosting capital efficiency and trading flexibility.
Ondo Perps' trading volume has accelerated beyond $3.8 billion amid increased demand for smooth collateral options.
The company aims to enhance liquidity, margin efficiency, and market coverage while offering prime brokerage services within its on-chain ecosystem.
These developments coincide with the token's bullish price movement and growing network activity.
Material is informational and not financial advice.
