• ONDO acquires SEC-approved Oasis Pro, gaining broker-dealer, ATS, and transfer agent licenses.
• An inverse head & shoulders (iH&S) pattern signals a possible end to the downtrend and an upcoming upward move.
• A successful breakout could propel ONDO from $0.91 to $1.70, doubling its current value for short-term gains.

Ondo Finance (ONDO) is regaining strength, suggesting the possibility of a decisive bullish reversal following an period of volatility. ONDO price has declined by 6.51% over the last 24 hours but surged by 4.04% over the last week.

At the time of writing, ONDO is trading at $0.9080 with a market capitalization of $2.86 billion. Moreover, its trading volume stands at $242.14 million, marking a decline of 9.97%, reflecting the cautiousness of both traders and investors.

Source: CoinMarketCap

ONDO Acquires SEC-Approved Oasis Pro to Boost Tokenization

A prominent crypto analyst, Kyle Chassé/DD, highlighted that ONDO Finance acquired Oasis Pro, obtaining essential U.S. licenses, an SEC-registered, approved-in-states broker-dealer, ATS, and transfer agent. This acquisition prepares ONDO to connect TradFi and DeFi under full regulatory approval, a significant milestone towards regulated tokenized assets.

With those licenses, ONDO is also empowered to issue, buy, and handle tokenized securities on-chain. The transaction also welcomes Pat LaVecchia of Oasis Pro onto ONDO’s management, fueling its U.S. growth. As the market for tokenized assets will grow to $18 trillion by 2033, ONDO’s mission is to preside over a new generation of regulated blockchain money.

Also Read: Ondo Finance (ONDO) Breakout Looms: Cup Base Formation Targets $2.04

ONDO Price Eyes $1.70 as Bullish Pattern Takes Shape

Moreover, the crypto analyst, Hailey LUNC, revealed that ONDO is displaying a strong bullish shape with an inverse head and shoulders (iH&S) configuration developing just below a major resistance area. This venerable pattern tends to mark an end to a bear trend and suggest a pending trend reversal. Traders are waiting anxiously for a breakout and retest, which might spark a steep climb higher.

Source: X

A successful climb of the major area could open the way for ONDO to easily rise to twice its value (x2) at $1.70 from current prices. Increasing momentum and trading volume give fire to this scenario, supporting positive sentiment through the market. If confirmed, ONDO will soon turn out to be among the strongest short-term performers.

ONDO Eyes Sideways Action Before the Next Move

The ONDO weekly chart reveals prices consolidating near $0.91, below the 20- and 50-week EMAs at $0.94 and $0.93. Recent candles reflect lower volatility, a sign of market indecision and a potential accumulation process. A breakout above the EMA bunch may suggest positive momentum, whereas a slide below $0.85 could precipitate further downward pressure.

Source: TradingView

The MACD is neutral with slow histogram movements, indicating weak momentum and an absence of definitive trend direction. The RSI (14) is at 48.06, below neutral, supporting the sideways tone. Overall, ONDO is seen to be consolidating, biding its time for a breakout to affirm its subsequent major move.

Also Read: Ondo Finance (ONDO) Set to Explode: Next Move Could Reach $1.12