Ondo Finance has launched early access for its new perpetual futures trading platform, Ondo Perps. The platform offers up to 20x leverage on tech stocks, crypto-related assets, and commodities, though it is not available in the U.S. Meanwhile, the native ONDO token is consolidating near recent lows, with a key resistance target identified at $1.16 and momentum indicators showing signs of fading bearish pressure.
Ondo Finance launched early access for Ondo Perps, its perpetual futures platform. Eligible traders can use up to 20x leverage on assets including major tech stocks, crypto-related equities, and commodities.
The new platform is positioning itself as combining liquidity, speed, and user-friendly design. “Ondo positions itself as the future of futures,” according to the announcement, though the service is not available in the United States.
Concurrently, the ONDO token is trading near its lowest levels in recent sessions. According to crypto analyst Lucky, the price is in a consolidation phase within a narrow range.
Lucky noted that if a breakout occurs, the token could see accelerated price action. The analyst identified $1.16 as a significant price target for a potential rally.
Momentum indicators are showing tentative signs of improvement for ONDO. The Relative Strength Index has been making higher lows since February, suggesting selling pressure is fading.
Furthermore, the Moving Average Convergence Divergence indicator shows a bullish crossover. This is signaled by the MACD line rising above the signal line and the appearance of green histogram bars.
