The ONDO token remains locked in a tight trading range between $0.24 and $0.30, showing no confirmed shift in its weak market structure. Meanwhile, its parent company, Ondo Finance, has launched Ondo Perps, a perpetual futures platform enabling 20x leveraged trading on a variety of tokenized assets including major equities and commodities.
The ONDO token continues to trade within a defined sideways channel, with data showing consistent movement between support near $0.24 and resistance around $0.30. This price action reflects a market still searching for direction after a sharp drop earlier this year.
Higher lows have formed since the range’s bottom, but momentum remains insufficient for a breakout above the crucial $0.30 level. A break below the $0.24 support would likely continue the overall bearish trend for the asset.
In a separate development, Ondo Finance announced the launch of its Ondo Perps platform for early access users on March 27. The platform offers perpetual futures trading with up to 20x leverage on tokenized assets like NVDA, TSLA, gold, and oil.
The new system allows tokenized securities to be used as collateral, eliminating the need for double collateralization common on other platforms. Phil Wirtjes, Ondo Perps Head of Strategy, cited fragmented liquidity and inefficient capital use as key challenges in the sector.
