Tokenized real-world belongings chief Ondo Finance [ONDO] noticed its governance token ONDO rally by 5.50% within the final 24 hours, making it one of many prime gainers available in the market.
In different information, the Ondo Intelligence Portfolios prolonged to Solana. These are professionally curated funding portfolios delivered as single on-chain tokens. With seven stay portfolios, it permits buyers to diversify with out having to handle underlying portfolios individually.
Earlier this week, Ondo expanded its tokenized inventory choices to the Robinhood Chain. In reality, Ondo is now the second-largest tokenized stocks issuer.
Establishing the long-term ONDO bias
During the downtrend in 2025 and early 2026, the newest swing excessive made on this tiemframe was at $0.47. The weekly chart confirmed a bullish construction break in September after a weekly session shut above $0.47.
At the time of writing, the price was on the native $0.40 assist stage, which had been a resistance zone in August and early September.
Further south, the $0.293-$0.343 demand zone was one other larger timeframe space {that a} bullish response might come from.
However, the day by day construction has shifted bearishly since. Moreover, the regular price correction from the ultimate week of September has not relented, that means the decrease timeframe price tendencies have been additionally bearishly biased.
There doesn’t appear to be sufficient demand to propel an ONDO price bounce to $0.40 and $0.52, the native highs made through the current downtrend.
If such a bounce does happen, it will seemingly current swing merchants with a promoting alternative.
The spot CVD uptick up to now 24 hours got here alongside a negligible uptick in Open Interest. Spot demand with out speculative exercise hinted at cautious speculative sentiment and a few demand on the $0.40-pivot level, which had been a neighborhood resistance zone final month.
Overall, the sellers have been answerable for the marketplace for now. The constructive response from $0.36 appeared encouraging, however sustained demand is required to propel additional price good points.
If the altcoin manages to rally back above $0.50 and keep there, it will be an indication that the bears have been weak and consumers may be cautiously bullish.
Final Summary
- Ondo RWA tokenization efforts have been underway, unimpeded by bearish market sentiment and developments.
- On the price charts, the bullish weekly bias was being challenged by the day by day timeframe’s bearishness.
