Oondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, called Ondo Purps, will offer 24/7 trading and more than 20x leverage, using tokenized stocks as collateral.
Oondo Perps Introduces 20x Leverage Perps
Qualified investors outside the United States (US) can use the platform to trade tokenized stocks including Strategy& (MSTR), Alphabet (GOOG), Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Gold (XAU), and Silver (XAG).
“Ondo Perps is the first platform to allow tokenized stock as collateral, now available to pre-alpha users. RWA perps can now trade on a platform built to provide liquidity and capital efficiency on par with traditional derivatives exchanges,” Ondo said in an X post on Tuesday.
Real world assets (RWA) remain one of the fastest growing sectors in the crypto market, allowing access to equity in tokenized format while removing the barriers of traditional derivatives markets.
Ondo tokenized assets are valued at $996 million, with 24-hour volume of $126 million. According to CoinGecko, the large RWA sector is valued at $53 billion and attracts approximately $1.7 billion in daily volume.
Price Analysis: ONDO Extends Sideways Trading
OENDO trades sideways around $0.33, staying below the 50-day, 100-day and 200-day exponential moving averages (EMA), keeping the near-term bias cautiously bearish despite recent stabilization.
The Parabolic SAR at $0.35 reinforces the idea of upside pressure, while the Relative Strength Index (RSI) around 47 suggests neutral momentum rather than outright selling exhaustion. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has turned mildly positive on the daily chart, indicating that the downside momentum is slowing down, even though the price is limited by overhead trend levels.
Initial resistance is gathered around the 100-day EMA around $0.34, which closely aligns with the 50-day EMA, forming an important supply zone that should be overcome to reduce short-term bearish momentum. Should ONDO break above this area, the Parabolic SAR at $0.35 presents the next technical challenge, followed by the more important 200-day EMA near $0.38, which continues to define the prevailing bearish market structure.
Looking below, the immediate focus remains on the area around the current price, with the descending trendline break level at $0.33 offering the first layer of underlying demand. A daily close below this support is likely to open the door to a deeper decline in the short term.
(The technical analysis for this story was written with the help of AI tools. know more.)
