Ondo token jumps 21% in a week after joining DTCC group to advance U.S. tokenization

Ondo (ONDO) token rose 1.58% in a day and 21% over the past week after breaking a key resistance at $0.297, surpassing a level held since February. This surge followed Ondo's selection to the DTCC’s Industry Working Group to help advance tokenization of U.S. capital markets onchain. Technical analysis suggests short-term bullish momentum with potential price targets up to $0.413 or $0.47, though a pullback to $0.286-$0.295 may offer a buying opportunity. Traders are advised to watch for profit-taking and monitor key support levels for confirmation.