Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Ondo Price Forecast: Ondo rallies on the launch of Intelligent Portfolios with BlackRock

Source Fxstreet

Ondo is up 10% on Friday, advancing the 26% gains from the previous day.
Ondo launched three curated portfolio strategies powered by BlackRock, targeting target eligible non-US investors.
The technical outlook for Ondo indicates a strong upside bias as bullish momentum builds.

Ondo (ONDO) price continues to extend its rally above $0.5700 at press time on Friday, following a 26% jump the previous day. The tokenized asset trading platform launched three curated portfolio strategies powered by BlackRock, focused on high income, growth, and diversification. The technical outlook for Ondo indicates an upside bias, as key daily moving averages form a Golden Cross.

Ondo rolls out new BlackRock-powered funds

Ondo announced the launch of new single-token portfolio strategies powered by BlackRock on Thursday. These portfolios are BLKHIon, focused on high income, BLKDIGon, for diversified growth, and BLKGRWon, for high growth. The new portfolios mark BlackRock's expansion of tokenized products accessible to eligible non-US investors through peer-to-peer transfers across wallets, exchanges, and DeFi applications.

Technical outlook: Ondo rally signals bullish trend reversal

Ondo rallies 10% so far on Friday, advancing the 26% jump from the previous day. The DeFi token trades at a Year-To-Date (YTD) high, testing the bullish breakout of the November 5 low at $0.5625. A confirmed breakout could extend the rally toward the October 11 low at $0.6815, followed by the October 13 high at $0.8432.

A Golden Cross pattern is emerging between the 50- and 200-day Exponential moving averages (EMAs) at $0.3856 and $0.3767, respectively, hinting at a bullish trend reversal.

Momentum conditions are stretched on the daily chart, with the Relative Strength Index (RSI) at 76, in overbought territory, and the Moving Average Convergence Divergence (MACD) line maintaining a positive trend, suggesting strong but potentially overheating upside pressure.

Chart Analysis ONDO/USDT (Binance) — ONDO/USDT daily price chart.

On the downside, initial support is seen at the $0.5000 psychological level, followed by the November 22 low at $0.4524. A deeper pullback could see the 50-day EMA near $0.3856, the 200-day EMA at $0.3768, and the 100-day EMA at $0.3695, forming a deeper demand zone.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Sep 22, Tue

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining traction Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

Author FXStreet

Sep 23, Wed

Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

Yesterday 06: 46

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Popular Symbols