Ondo launched early access for its perpetual futures platform, Ondo Perps, allowing traders to access up to 20x leverage.
Eligible users can trade major tech stocks like AAPL, GOOGL, META, NVDA, and TSLA; crypto-related assets, including COIN, CRCL, and MSTR; and commodities such as gold, silver, and oil, all designed for advanced trading strategies and amplified market opportunities.
Source: Ondo Perps’ X Post
Early Access codes are being distributed over the coming week. Waitlisted users should check their emails or join at ondoperps.xyz. Ondo positions itself as the future of futures, combining liquidity, speed, and user-friendly design.
However, Ondo Perps is not available in the U.S., as the platform carefully navigates global regulatory compliance while expanding access to professional traders worldwide.
Also Read: Franklin Templeton Launches Tokenized ETFs With Ondo Finance
ONDO Struggles at Lows: Can It Surge Back to $1.16?
ONDO is currently moving near the lowest levels in the past few sessions, indicating the continuation of the selling pressure in the market.
According to the crypto analyst Lucky, the price of the token is being closely observed as it is moving in a consolidation phase in a narrow range. However, there is uncertainty over the continuation of the trend in the upcoming period.
Source: Lucky’s X Post
If a breakout pattern develops, Lucky believes that the token may accelerate its price action, with $1.16 identified as a significant price target for the asset.
However, until such a breakout pattern develops, investors remain cautious, awaiting further signs that may indicate the future direction that the asset may take in the overall cryptocurrency market.
Momentum Indicators Point to Improving Outlook
According to TradingView, the current value of the Relative Strength Index on the the token is 45.21. This indicates a move away from extreme selling and into consolidation.
Since the beginning of February, the Relative Strength Index has been making higher lows, indicating that the selling pressure is losing steam. Although the price is still below the 50-mark, the overall trend suggests that the buyers are gradually absorbing the selling pressure.
Source: TradingView
The MACD indicates a bullish crossover as the MACD line rises above the signal line. While both are still below the zero mark, the green bars on the histogram are a sign of increasing positive momentum in the short term.
This indicates a potential trend reversal, but a move above the zero mark would confirm a primary breakout.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Is ONDO Set to Hit $0.50 After Franklin Templeton ETF Announcement?
