The cryptocurrency market is currently experiencing a mixed performance, with some major coins in the red, while others are rallying. ONDO, the native coin of the Ondo Finance ecosystem, is one of the best performers among the top 50 cryptocurrencies by market cap. The coin is up by 5% on Monday, having gained more than 8% earlier in the Asian session after last week’s roughly 50% rally. The rally comes following the recent announcement of the first-ever tokenized Treasury bill settlement. However, retail confidence shows early signs of weakness as funding rates turn negative. The momentum indicators remain largely bullish, suggesting that ONDO could experience a breakout rally exceeding $0.50.
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