
Ondo Finance (ONDO) is grabbing headlines today, not just for its 15% daily price surge, but also for being at the center of an important regulatory dialogue with the United States Securities and Exchange Commission (SEC)
Currently trading around $1, ONDO has seen a 22% increase over the past week, reclaiming its 20-day EMA support at $0.8788, and establishing short-term bullish momentum.
The rally gained serious steam following a meeting between Ondo Finance CEO Nathan Allman, legal firm Davis Polk & Wardwell, and the SEC’s Crypto Task Force, led by pro-crypto commissioner Hester Peirce.
On April 24, the SEC hosted representatives from Ondo Finance and Davis Polk to discuss legal pathways for issuing and selling tokenized US securities on the blockchain.
Topics ranged from broker-dealer registration to financial crimes compliance and regulatory sandboxes.
If the SEC were to greenlight sandboxes or other relief mechanisms, Ondo could become one of the first platforms to offer compliant, on-chain investment products tied to traditional financial instruments.
The Ondo Finance team is in DC today meeting with the SEC Crypto Task Force to discuss tokenization and the future of digital asset regulation.
We look forward to collaborating with regulators on shaping a thoughtful framework for digital assets. pic.twitter.com/fNXKYxR3tB
— Ondo Finance (@OndoFinance) April 24, 2025
The daily ONDO/USDT chart paints a very bullish picture. A classic inverse head and shoulders pattern has completed with a clean breakout above the neckline resistance around $0.88–$0.90, confirming a trend reversal.
ONDO Daily Chart. Source: TradingView
The chart below shows that the descending trendline from the December highs has been decisively broken, flipping into support. Also, the RSI is climbing aggressively, sitting at 65.27, entering bullish territory.
On the other hand, MACD is in full bullish mode with a clean crossover above the signal line and growing histogram bars, indicating increasing buying momentum.
If momentum continues and ONDO sustains above $1, the bulls could push the altcoin toward $1.20, which aligns with psychological resistance.
As ONDO rockets past $1, another breakout star is stealing the spotlight – BTC Bull ($BTCBULL), a meme coin built to ride Bitcoin’s potential climb to $250K and beyond.
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Source: BTC Bull Token
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With only 1 day, 22 hours left before the next price increase, $BTCBULL is gaining serious momentum – and its X (formerly Twitter) and Telegram communities are growing fast.
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