ONDO Holds Steady Near $0.50 Amid Consolidation

ONDO's price has stabilized near $0.50 despite a recent decline of 3.05% over the past 24 hours, according to data. The token is up 16.15% across the past seven days. Analyst Sarosh notes that spot buyers have added $1.27 million in net inflows on the 12-hour window, with $777.55K on the 8-hour window.

In contrast, short liquidations of $81.76K outpaced longs by $27.57K on the 4-hour chart after a $1.95 million flush. Sarosh expects choppy consolidation with an upward bias and projects ONDO moving between $0.5050 and $0.5400.

The number of wallets interacting with Ondo's tokenized assets has surpassed one million, with products including stocks, ETFs, Treasuries, and other offerings. The platform has become a gateway for traditional finance and crypto, as BlackRock-built strategies are now being brought on-chain through Ondo.