Ondo Price Predction: ONDO Slips 3% As Ondo Finance Aquires Oasis Pro Broker

The Ondo price has slumped 3% in the last 24 hours to trade at $0.7743 on a 4% drop in the daily trading volume to $2.44 billion.

Ondo Price Falls Despite Oasis Pro Acquisition

The ONDO price drop happens despite Ondo Finance, a DeFi company, buying Oasis Pro, which provides infrastructure for real-world assets (RWAs). The move will boost Ondo’s tokenized securities services in the U.S.

Oasis Pro is registered with the U.S. SEC as a broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA). This gives Ondo an important position in the regulated tokenized securities market.

Ondo did not reveal how much it paid for the deal but confirmed that Oasis Pro CEO Pat LaVecchia will join Ondo.

Oasis Pro has been part of FINRA, a U.S. self-regulatory group, since 2020 and has taken part in its Crypto Working Group.

Tokenized securities, like token versions of U.S. stocks and ETFs, are becoming more popular in crypto, especially for investors outside the U.S. Companies like Kraken and Robinhood already offer them to non-U.S. customers.

With this deal, Ondo hopes to make similar tokenized investment options available to U.S. investors as well.

Ondo Price Bearish Channel Breakout Signals Potential Rebound

The ONDOUSDT trading pair shows early signs of a potential bullish reversal after weeks of trading within a bearish channel. Recent price action suggests that buyers may be stepping in, with a chance for ONDO to push higher if it can break key resistance levels.

ONDO had been in a downtrend since early May, falling from above $1.20 to around $0.70. But now, the price has broken out of the downward-sloping channel, which could signal the end of the bearish trend.

The Relative Strength Index (RSI), sitting at 48.37, also shows some positive signs, climbing after being near oversold levels. There is also a slight bullish divergence on the RSI, meaning the price made lower lows, but the RSI made higher lows, often seen as a possible sign of a trend reversal.

ONDO Tests Key Resistance as Breakout Hopes Grow

A key support area is seen around $0.75, where buyers stage a support to stop the price from falling further. ONDO is now testing the next resistance zone between $0.80 and $1.20. If the price can break and hold above this area, it could move into what traders call the “reward zone,” where more gains may be possible.

However, traders should still be cautious. The price is not yet clearly above resistance, but It’s important to watch for stronger confirmation, like more buying volume and sustained movement above $0.85.

In addition, a clean breakout above resistance would support the bullish outlook, while failure to break higher may send the price back toward the $0.70 support level.

The recent news that Ondo Finance acquired Oasis Pro, a regulated tokenized securities firm, may also bring more investor attention to ONDO in the coming days.