Following ONDO Finance’s official meeting with the Securities and Exchange Commission (SEC), the price of ONDO surged by 17%, crossing the $1 mark for the first time and reaching a market value of over $3 billion in early March. The session focused on regulations related to tokenizing US dollar assets and aligning these processes with current financial laws. The concept of Regulatory Sandbox as a solution to encourage innovation within regulatory frameworks was discussed. Analysts believe this growth may continue, with technical analysis indicating a potential target of $1.18 if ONDO can stabilize above $0.98. Key support is currently at $0.81, with a mid-term target evaluated between $1.09 to $1.20. Market analyst Dami Defi stated that ONDO has broken out of its downtrend and is ready to start a larger rally. The initial price target is $1.88, with the next target set at $3.50. With the positive sentiment post the regulatory meeting and technical data, ONDO seems to be on a strong upward trend, potentially leading to more achievements for ONDO Finance if trading volume and incentives are maintained.
