Ondo Price Prediction as MetaMask Integrates 200+ Tokenized U.S. Stocks

Ondo (ONDO) Price is showing positive movement, bouncing back from a bearish trend and holding steady above $0.27. The token surged to $0.29, driven by MetaMask’s integration of over 200 tokenized U.S. stocks. 

Although the overall crypto market dropped by 0.98% to reach $2.59T. Ondo was 2.68% up in the past 24 hours, which can be a sign of recovery.

MetaMask Integrates Ondo for Tokenized U.S. Stocks Trading

MetaMask has integrated over 200 tokenized U.S. stocks, ETFs, and commodities. This innovation, together with Ondo Finance, enables eligible mobile customers in non-U.S. markets to purchase and sell such assets as Tesla, Apple, and Microsoft, as well as ETFs such as SLV (silver) and IAU (gold). 

Users are now able to fund these token securities without having to open a conventional brokerage account.

This announcement was made at the Ondo Global Summit, which is a notable advance towards the convergence of traditional and decentralized finance. Ondo Finance, a tokenized securities pioneer, has emerged the biggest platform in this category with a portfolio of 2.5 billion and trading over 9 billion.

The platform is also striving to fulfill the requirements of SEC to global investors. This adoption is an indicator of the mainstreaming of the tokenization of U.S. stocks and other real-world assets in the digital financial infrastructure.

ONDO Price Prediction: Key Levels To Watch

As of the reporting, the ONDO price traded at $0.29, marking a 0.4% decline. In recent days, the price has moved between the levels of $0.25 and $0.35.

The MACD (Moving Average Convergence Divergence) is an indicator that indicates a negative trend. The RSI (Relative Strength Index) is at 43.85, which indicates a neutral position.

The level of $0.25 might serve as a firm support point in case the ONDO price further drops. The critical level of $0.25 would signal a larger bearish trend, and more bearish targets can open.

On the positive side, the resistance of $0.35 is also an important point to observe. Once the ONDO long-range prediction is able to overcome this point, it would signal a bullish reversal. A shift beyond $0.35 may indicate a further expansion of the upward trend, to $0.40 in the short run.

In conclusion, the Ondo price is experiencing an upward trend after MetaMask incorporated tokenized U.S. stocks. Despite market cycles, the token rise is an indication that there might be another comeback and mainstream acceptance of the decentralized finance sector.