Ondo gains nearly 9% after Intelligent Portfolios debut and $40M TVL on Solana

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Ondo surges 8.86% today on Solana news

Highlights

Ondo Finance introduced seven automated tokenized portfolios on Solana, offering exposure to baskets of U.S. stocks and ETFs for eligible non-U.S. investors.
Ondo's tokenized assets on Solana exceeded $500 million, with over $40 million in total value locked for the new portfolios within four weeks.
ONDO/USD faces near-term selling pressure below key moving averages, with a high likelihood of a move to the $0.3871 to $0.4456 range over the next five days.

Expanded tokenized portfolios on Solana draw inflows amid investor restrictions

Ondo Finance expanded its tokenized investment offerings by launching seven Intelligent Portfolios on the Solana blockchain as of October 29, 2026. These portfolios provide automated exposure to baskets of tokenized U.S. stocks and ETFs, with three based on allocation models from BlackRock, though BlackRock does not sponsor or manage them. Ondo reported over $40 million in total value locked on Solana within four weeks, and its broader tokenized assets on Solana surpassed $500 million, while access remains limited to eligible non-U.S. investors.

Anton Kharitonov, expert at Traders Union, sees the recent ONDO rally as short-lived. He notes the token is still capped by strong technical barriers, with prices staying below both the 20- and 50-day moving averages. The Intelligent Portfolios launch has brought new flows, but access restrictions and weak momentum indicators limit upside. Kharitonov flags the persistent sell signals on both MACD and ADX, noting bulls lack conviction despite brief price strength. "I remain cautious on ONDO while resistance near $0.4358 holds and technical momentum stays bearish."

Viktoras Karapetjanc, expert at Traders Union, is constructive on ONDO's fundamentals after the Solana expansion. He highlights strong adoption marked by over $500 million in tokenized assets, with rapid growth in portfolio offerings. Karapetjanc notes this trend showcases mainstream progress in blockchain investing, matching rising institutional interest. He believes ONDO's market structure remains bullish over the medium term, with fresh product launches attracting new opportunity. "Further growth is likely as ecosystem expansion continues and token use cases diversify."

Jainam Mehta, market strategist, observes ONDO trading in a volatility band between $0.3871 and $0.4456. He sees a divergence: the price action is firm yet technical momentum is weak, creating tactical uncertainty. Mehta notes that intraday buyer interest is not confirmed by indicators, making a breakout unconvincing for now. "If ONDO manages to clear $0.4358 on volume, a short-term trade might open up, but caution is prudent until momentum shifts."

Bearish momentum persists as ONDO holds above long-term support

ONDO/USD is trading below its 20-day and 50-day moving averages at $0.4443 and $0.4472, indicating both short- and medium-term selling pressure. However, it remains above the 200-day moving average at $0.3722, which provides long-term support. The immediate resistance is near $0.4358, and support is seen at $0.4043, with the Ichimoku Kijun at $0.4646 confirming further resistance. Momentum signals remain weak, with both the MACD and ADX indicating sell conditions, while the RSI, CCI, and Stochastic RSI all show neutral-to-oversold readings. Bull/Bear Power is just above zero, suggesting mild buyer dominance intraday, even as volatility reached 11.96% and the price moved close to session highs, creating a divergence between firm price action and bearish technical momentum.

Earlier, analysts noted that Ondo was under persistent selling pressure despite advancements in its tokenized investment offerings. The latest technical outlook continues to support a consolidative scenario, with traders advised to monitor $0.4043 as pivotal support amid heightened downside risk over the upcoming week.

Source of Data: ONDO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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