Ondo Share Price Outlook: Ondo's stock continues to rise, aiming to break through the $0.45 level.

The price of the Ondo token increased by more than 16% on Friday, approaching the recovery of $0.45 after the launch of the digital treasury settlement.
Ondo traders are increasingly buying long positions as open interest in futures rises to $165 million.
The rise in the Ondo index is supported by strong technical momentum, evidenced by a bullish MACD crossover and a steady increase in RSI.

Ondo (ONDO) continues to rise above $0.4000 as of this report on Friday, driven by growing interest in the token following news of the network’s first treasury bond settlement using tokens.

Ondo Finance, in collaboration with JPMorgan, Mastercard, and Ripple, tested cross-border settlement of short-term U.S. Treasury bonds tokenized. This experiment aims to expand Treasury bond settlement and convert it into a tokenized system within a regulated environment on a blockchain, moving away from open blockchains like BlackRock’s BUIDL.

Ondo attracts strong market attention
Retail investors are increasingly seeking exposure to Ondo derivatives, as evidenced by the open interest in perpetual futures rising to $165 million on Friday, up from about $152 million the previous day.

The significant increase in retail investor interest indicates strong confidence in Ondo’s short-term bullish outlook, with traders opening new positions. However, the continuous rise in open positions alongside rising prices also suggests highly leveraged positions, which could lead to successive liquidations if Ondo faces strong resistance.

Ondo Futures or I | Source: Coin Glass
$ONDO