- ONDO price prolongs its stability below the $0.3 resistance level as buyers struggle to build enough momentum to breakout.
- Franklin Templeton has entered into a strategic collaboration with Ondo Finance to tokenize five of its exchange-traded funds.
- The Relative Strength Index is showing a series of higher highs and higher lows on the daily chart reaching the 52% mark, indicating increasing upward momentum in the price.
Ondo, the indigenous ruling symbol of Ondo Financerose more than 4% during US market hours on Wednesday to trade at $0.266. While the initial rally followed a broader market rally, ONDO’s price gained momentum following the announcement of a partnership with Franklin Templeton, which offers tokenized versions of its ETFs. The coin price is currently extending its sideways trend below the $0.3 resistance level, while momentum indicators point to fundamental buying pressure building.
21Shares Rebrands Ondo Trust to Unveil ONDO ETF in New SEC Filing
Franklin Templeton, which oversees nearly $1.7 trillion in client assets, has done just that In partnership with Ondo Finance to roll out blockchain versions of five of its exchange-traded funds for trading. The move allows investors to hold and gain exposure to these funds through their own cryptocurrency wallet, bypassing traditional brokerage agreements.
The five ETFs span different strategies: Franklin Focused Growth Fund (FFOG), Franklin US Large Cap Multi-Factor Index Fund (FLQL), Franklin Responsibly Sourced Gold ETF (FGDL), Franklin High Yield Corporate Fund (FLHY), and Franklin Equity Focused Equity Income Fund (INCE). Ondo buys real ETF shares and sells stock-backed tokens through a special-purpose structure, with no change to the underlying assets.
Since the tokens exist on-chain, trading takes place 24 hours a day, 7 days a week. Ondo-linked market makers provide liquidity, even during times when traditional equity and fixed income markets are closed. Token holders can also list assets in decentralized finance protocols for purposes such as borrowing or as collateral. Offers begin in Europe, Asia Pacific, Middle East and Latin America; Access to the United States is subject to further regulatory steps.
This follows Franklin Templeton’s previous token product, the OnChain US Government Money Fund (FOBXX/BENJI), which debuted on public blockchains in early 2021, and is among the first regulated funds in the US to do so. Ondo, which has approximately $2.7 billion in existing token assets, is managing the issuance and liquidity of the new pool.
The broader real assets sector has grown significantly from less than $1 billion in 2022 to $30 billion in 2026, reflecting fast-paced adoption amid the blockchain push for efficient asset management. The Franklin-Ondo arrangement brings mainstream stock, bond and commodity strategies to the on-chain menu without changing the way the original funds operate.
ONDO price declines before next breakout
Over the past seven weeks, Ondo price It traded sideways between the $0.29 and $0.26 horizontal levels. The currency price made several attempts to break out of this consolidation, but failed immediately, indicating a lack of strength from buyers or sellers to drive a sustained movement.
With today’s price jump, ONDO price is heading towards the general resistance at $0.29 in an attempt to breakout to the upside. Buyers must break the horizontal resistance at $0.29 and the downtrend line at $0.3 to gain enough momentum for a higher move.
A post-breakout rally could push ONDO’s price higher by another 18% to chase the initial target of $0.35.
