ONDO Surges on Intelligent Portfolios Launch, Next Level of Support at $0.41-$0.42
ONDO's price has surged by 27% in a day and 43% this week after launching its Intelligent Portfolios product, which offers users diversified portfolios of tokenized equities and ETFs. The move is drawing attention to the token, with trading volume reaching near $1 billion in daily activity.
The launch of Intelligent Portfolios is seen as a significant development for ONDO's infrastructure, providing a concrete use case for its tokenized-markets platform. However, it remains to be seen whether the product will gain traction and adoption in the market.
The price of ONDO has broken above the $0.45-$0.46 area, which had capped the previous advance. The next level of support is near $0.41-$0.42, and a sustained hold above this level would be a positive sign for the token's momentum.