ONDO Gains 5.5% as Daily Chart Stays Bearish Near $0.40

Ondo (ONDO) gained 5.5% in the 24 hours through 9 p.m. ET Saturday, Oct. 31, as the token traded near $0.40, with daily chart weakness contrasting with a bullish weekly structure.

Separately, Ondo Finance has expanded its Intelligence Portfolios to Solana, where seven portfolios package curated investments into individual on-chain tokens. Eligible investors outside the United States can use the tokens to diversify without managing the underlying investments individually. TokenPost previously covered Ondo’s seven portfolio deployment on Solana.

The expansion adds to Ondo’s product lineup but does not establish a direct financial benefit for ONDO holders. TokenPost has also examined the distinction between Ondo’s asset growth and ONDO holder rights.

ONDO’s weekly chart had been in a downtrend through 2025 and early 2026, with $0.47 marking its latest swing high. A weekly close above that level in September shifted the longer-term structure bullish. The token was near $0.40 Saturday, a local support level that had acted as resistance in August and early September. A lower demand area on the higher time frame sits between $0.293 and $0.343.

The daily structure has since turned bearish, and a correction that began in the final week of September has continued. The two chart time frames therefore point in different directions: the weekly structure is bullish, while the daily trend remains bearish. Sellers remained in control despite the 24-hour gain.

Spot cumulative volume delta rose over the same 24-hour period, while open interest increased only slightly. That combination indicated some spot demand near $0.40 alongside little change in open interest. A move above $0.50 that holds would be a sign that buyers could become cautiously bullish.