Ondo launches Perps with 20x leverage on tokenized stocks
- Ondo Perps debuts with 24/7 trading and over 20x leverage, using tokenized stocks as collateral.
- Ondo Perps is available only to eligible users outside the US.
- Ondo remains under pressure below the 50 and 100-day EMAs, risking a decline toward $0.30.
Ondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, referred to as Ondo Perps, will provide 24/7 trading and over 20x leverage, utilizing tokenized stocks as collateral.
Ondo Perps debuts 20x leverage perps
Eligible investors outside the United States (US) can use the platform to trade tokenized stocks, including Strategy (MSTR), Alphabet (GOOG), Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Gold (XAU), and Silver (XAG), among others.
“Ondo Perps is the first platform to allow tokenized stocks as collateral, available now for Pre-Alpha users. RWA perps can now trade on a platform built to deliver liquidity and capital efficiency on par with traditional derivatives exchanges,” Ondo stated in an X post on Tuesday.
Real-world assets (RWA) remain one of the fastest-growing sectors in the crypto market, allowing access to equities in a tokenized format while eliminating the constraints of traditional derivatives markets.
Ondo tokenized assets are valued at $996 million, with $126 million in 24-hour volume. According to CoinGecko, the larger RWA sector is valued at $53 billion and attracts approximately $1.7 billion in daily volume.
Price analysis: ONDO extends sideways trading
Ondo trades sideways around $0.33, holding below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), keeping the near-term bias cautiously bearish despite the recent stabilization.
The Parabolic SAR at $0.35 reinforces the idea of topside pressure, while the Relative Strength Index (RSI) around 47 suggests neutral momentum rather than outright selling exhaustion. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has turned modestly positive on the daily chart, hinting that downside momentum is waning even as price remains capped by overhead trend levels.
Initial resistance is clustered around the 100-day EMA near $0.34, which aligns closely with the 50-day EMA, creating a critical supply zone that must be overcome to alleviate short-term bearish momentum. Should ONDO break above this area, the Parabolic SAR at $0.35 presents the next technical challenge, followed by the more substantial 200-day EMA near $0.38, which continues to define the prevailing bearish market structure.
Looking down, immediate focus stays on the area around the current price, with the descending trendline break level at $0.33 offering the first layer of underlying demand. A daily close back below this support would likely open the door to a deeper pullback in the short term.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs
Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
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