ONDO Price Surge: Can It Reach $2.00 After SEC Investigation Closure?

Ondo Finance's native token ONDO has rebounded to $0.5028, marking a 5.67% daily gain despite a 35% drop in trading volume. The token shows resilience after weathering a 2.22% weekly decline, with technical analysts identifying strong support levels that could signal a trend reversal.

Market sentiment turned bullish following the SEC's decision to close its investigation into Ondo Finance, removing regulatory uncertainty. This clearance paves the way for the platform's expansion into U.S. tokenized securities markets. Analysts now project potential upside targets at $0.56, $0.86, and up to $2.00 if accumulation patterns continue strengthening.

Technical charts reveal ONDO is testing the lower boundary of a descending channel, with crypto analyst Bit Amberly noting the token's ability to hold critical support. The current consolidation phase may form a base for upward momentum, particularly as institutional interest grows following the SEC's regulatory green light.