ONDO surges past $0.30 after DTCC nod; $0.47 key

ONDO rose 1.58% today and ~21% over the past week after reports that Ondo was selected by the DTCC’s Working Industry Group to “advance tokenization in the U.S.” The announcement frames new efforts to bring core U.S. capital markets onchain. Price action: ONDO breached the $0.297 resistance and pushed through the psychological $0.30 level, which had acted as resistance since Feb 14. The prior range sat around $0.25–$0.30, and the breakout occurred on May 4. Technical read: Analysts note the wider 1-day structure still carries a bearish bias, meaning rallies may face pullbacks. Using Fibonacci retracement, upside targets were cited near $0.413 and a potential sweep of the $0.47 highs—but only if $0.47 is broken. Until then, traders are advised to stay cautious and consider taking profits on strength. Trade levels: A pullback toward the “golden pocket” at $0.286–$0.295 is framed as a potential buy-the-retest area. Invalidation would be a continued drop below the $0.275 swing low on the H4 timeframe. For traders, the DTCC/US tokenization headline is a clear catalyst, but technical conditions suggest waiting for confirmation or a controlled retest around key support before pressing longs in ONDO.