- ONDO stock price expectations: ONDO stock is approaching $0.40 as the network enters a partnership with Japan’s SBI Group:

ONDO’s coin price rose by more than 6%, ignoring the broader pullback in the cryptocurrency market on Thursday.
Ondo Finance is collaborating with Japan’s SBI Group to expand the range of tokenized real-world assets on the blockchain.
The ONDO indicator is gaining momentum, supported by a buy signal from the MACD indicator.

Ondo Finance’s (ONDO) share price edged higher toward the nearest resistance level at $0.40 as of the time of writing on Thursday. This rise follows the strategic partnership the company entered with Japan’s SBI Group, ignoring the general decline seen across the digital asset market.

Ondo Finance and SBI Group cooperate to issue tokenized real-world assets
Ondo Finance announced a strategic partnership with SBI Group, one of Japan’s most prominent financial conglomerates. The goal of this cooperation is to directly connect Japan’s massive traditional capital markets with blockchain technology.

According to the announcement, the partnership will focus on converting Japanese assets into digital tokens, leveraging SBI’s ecosystem for broad distribution. Transactions will be settled using the JPYSC yen-backed stablecoin, establishing an efficient and legally compliant channel for digital assets.

Ian De Beaud, CEO of Ondo, emphasized Japan’s position as a sophisticated capital market, saying the deal “paves the way for the integration of Japanese assets” into blockchain technology. Yoshitaka Kitao, CEO of SBI Holdings, noted that Ondo will be a “major strategic partner” in shaping SBI’s global digital asset corridor.

Integrating Japanese equities with global decentralized finance marks a major milestone in the adoption of institutional blockchain technology, pointing to strong growth momentum for the ONDO token.

Price analysis: ONDO gains momentum
ONDO continues its breakout above the descending trendline, cementing a strong support base near $0.31. The coin continues to trade with confidence above key exponential moving averages, including the 50-day EMA and the 100-day EMA at $0.34, while the 200-day EMA sits at $0.38, reinforcing near-term bullish expectations.

Spot price is above the middle band layer of the Bollinger Bands at $0.33 and the upper band layer at $0.36, while the Relative Strength Index (RSI) hovers at 67, slightly below the overbought threshold. Moreover, the Moving Average Convergence Divergence (MACD) remains positive, indicating strong but extended bullish momentum.

The daily chart of the ONDO/USDT pair
On the downside, immediate support appears at the 200-day EMA around $0.38, followed by the upper Bollinger Band near $0.36, before a cluster of 50- and 100-day EMAs forms around $0.34 and the Bollinger middle band at $0.33. Deeper pullbacks would reveal the prior descending trendline break level at $0.31, then the lower Bollinger Band near $0.29, where buyers may attempt to re-confirm the overall uptrend.
$ONDO ‌