ONDO Tests $0.50 After $4.4M Token Sale

That matters because ONDO has been one of the few altcoins to show relative strength while the broader market has been under heavy pressure for three straight days. Bitcoin traded near $81,453 on Oct. 13, while the token slid back to $0.47 after briefly reaching $0.52, leaving it still above its 50-day moving average at $0.42 but well below the recent spike to $0.59 on Sept. 27.

The rebound has been tied to Ondo Finance’s launch of 24/7 Private Markets, which offers tokenized exposure to private companies before they go public. The pitch gives retail investors access to a slice of private-market assets that have long been concentrated among institutions, with exposure across AI, robotics, cybersecurity, biotech and infrastructure — a narrative that appears to be supporting demand even as some early holders cash out.

Momentum, however, remains fragile. ONDO’s relative strength index was 35.7 on the latest reading, below the conventional RSI-based moving average, while the MACD remained positive but had narrowed, suggesting the latest bounce has not yet turned into a clean trend reversal.

For investors, the key question is whether the private-markets story can absorb whale distribution and keep ONDO above near-term support. A decisive push through $0.50 would open a path toward $0.53, but failure to hold the recent bid could leave the token vulnerable to a drop back toward $0.42.