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According to the technical analysis model of Coindesk Research, it remained 1.5% at $ 0.7671 in the last 24 hours, staying close to recent maximums after a week of profits.
The measure occurs approximately two weeks after Ondo Finance revealed a new industry collaboration focused on establishing standards for tokenized values.
In a June 17 blog post, the firm announced the creation of the Global Markets Alliance, a group of wallets, exchanges and custodians who work together to improve interoperability, investor protections and access to assets of the real world token. Participants include the Solana, Bitgo Foundation, Fireblocks, Jupiter, 1 inch, trusted wallet, bitget wallet, rainbow and alpaca wallet.
The announcement is presented in front of Ondo Global Markets Ondo launch, a platform aimed at allow Traditional market for traditional markets of traditional capital.
Each alliance member is contributing to a different capacity. Wallet suppliers such as the trusted wallet and the rainbow wallet are expected to integrate the standards of tokenized assets of Ondo, while exchanges such as Jupiter and aggregators as 1 inch admit programmatic access to tokenized assets. Bitgo and the fire blocks are providing custody and institutional infrastructure, and Alpaca is handling the brokerage and regulatory services adapted to tokenized values.
The firm said that the group will work to align the technical and compliance standards for tokenized values, improve the access and liquidity of the multiplatform platform, and the cases of support of support such as self -ocustody and trade in the chain. Although the alliance has not committed to a specific timeline, its members have framed the initiative as part of a longer -term change towards the integration of traditional financial products into blockchain -based systems.
In a publication on X dated June 28, Ondo Finance wrote that “2025 will be the year of tokenized actions”, indicating the belief of the team that the adoption of tokenized financial instruments can accelerate in the next quarters.
TECHNICAL ANALYSIS
- Between June 28, 15:00 UTC and June 29, 14:00 UTC, Ondo increased from $ 0.749 to $ 0.769, a gain of 2.67% within a negotiation range of 3.33%.
- Strong support was confirmed at $ 0.755 with high volume during the 9:00 p.m. UTC on June 28.
- The key resistance at $ 0.765 was broken during the UTC time of 00:00 on June 29, when the volume increased to 8.9 million.
- From 13:05 to 14:04 UTC on June 29, Ondo fell slightly $ 0.773 to $ 0.769, a 0.58%drop, with a notable sale at 13:33 UTC.
- A temporary support level was formed at $ 0.768 since multiple recovery attempts above $ 0.769 failed in the final minutes.
- The price action during the last hour formed a descending channel with lower maximums, but the last candle insinuated a potential investment.
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