ONDO token rose 8% to trade around $0.52, with trading volume up 58% after breaking above the $0.50 resistance for the first time in five days. Ondo Finance controls over 70% of the $2.3 billion tokenized stock market, with tokenized assets exceeding $4 billion and growing 26% over the past month. The International Monetary Fund warned of illiquidity and volatility risks, noting that demand was concentrated among retail traders with limited participation from large investors. Spot Netflow remained negative for two consecutive days, reaching -$2.5 million on October 12th, indicating token withdrawals from exchanges. Momentum indicators suggest improving bullish pressure, with $0.50 as support and $0.60 as the next resistance level to watch.
Source: Read the original article
