ONDO Price Rallies 9% Ahead of Crucial Resistance Test

The price of ONDO has surged by nearly 9% in the past 24 hours as it nears an important resistance level. According to data from CoinMarketCap, ONDO is currently trading at $0.4317 with a market capitalization of approximately $2.13 billion.

This development comes amidst Ondo Finance's expansion into tokenized assets. The company has been working to broaden its recovery period and has seen significant growth in its ecosystem, now surpassing 440 assets, including stocks, ETFs, and other financial instruments.

Crypto analyst The Boss notes that ONDO has created a solid base and is moving higher to retake horizontal levels of support. However, the token still needs to break above two key resistance zones to confirm a sustained recovery move.