Ondo Finance (ONDO) surged over 12% in the past 24 hours, with daily trading volume jumping 91% to exceed $267 million. The rally followed a key regulatory milestone: the U.S. Securities and Exchange Commission issued a five-year “Innovation Exemption” on September 17, allowing qualified venues to trade tokenized stocks through permissioned liquidity pools without full exchange registration. Ondo’s tokenized market cap surpassed $3.5 billion, with stocks accounting for more than $900 million. However, ONDO’s price tested a four-month triangle pattern, and bearish RSI divergence kept rejection risks alive.
Ondo Finance’s ONDO token rose more than 12% over the past 24 hours, tracking the broader crypto market rally. Daily trading volume jumped 91%, surpassing $267 million at press time.
The main driver behind ONDO’s rally was a regulatory milestone for tokenization. On September 17, the U.S. Securities and Exchange Commission issued its “Innovation Exemption,” granting conditional relief to qualifying Tokenized Securities Venues for five years. These venues could trade tokenized stocks through permissioned liquidity pools without registration as traditional exchanges.
SEC Chairman Paul Atkins called the decision a significant step toward bringing U.S. capital markets on-chain. For Ondo, the exemption could widen the regulated market available to its tokenized products.
Ondo Finance’s tokenized market cap exceeded $3.5 billion, with stocks accounting for more than $900 million of that value. Funds held the largest share at 71.2%, followed by stocks at 25.5%, while stablecoins and commodities held 2.1% and 1.2%, respectively.
ONDO attempted to break above a triangle pattern that had formed since early May, with descending resistance falling from $0.49 toward $0.38. The MACD turned green after eight days of seller momentum, and its signal lines recorded a bullish crossover.
A confirmed breakout could expose the triangle’s upper boundary near $0.50. By contrast, rejection could return ONDO toward the $0.30–$0.32 support zone.
However, the RSI divergence remained bearish, suggesting sellers were yet to be exhausted. If ONDO loses $0.30, the next demand zone would sit around $0.26. The SEC’s temporary relief could attract capital toward Ondo’s tokenized ecosystem, but profit-taking from buyers positioned around $0.30 could interrupt the rally.
