Ondo Faces Heavy Sell-Off but $0.96 Target Remains in Sight
- Ondo gains 2.19% in 24 hours, hinting at a mild recovery.
- The tokenization narrative continues to support long-term growth.
- Technical indicators point to sustained bearish momentum below $0.85.
Ondo (ONDO) is showing signs of resilience after recent declines. The token gained about 2.19% in the past 24 hours, suggesting renewed buying activity in a cautious market. Despite the short-term uptick, ONDO still reflects a weekly loss of 16.86%, indicating persistent volatility in its trading pattern.
At present, the token is tradign at $0.6124 with a daily volume of $554.9 million, marking an 11.68% increase from the prior session. Its market capitalization has also risen to $1.93 billion, reflecting a 2.61% gain.
Source: CoinMarketCap
Also Read: ONDO Price Forecast: Can Bulls Regain Momentum to Reach $1.13?
Onchain Finance Reshaping Global Markets
Finance is rapidly entering its on-chain era. Traditional systems are gradually being replaced by blockchain-powered infrastructure, enabling faster, transparent, and programmable value exchange. This shift marks a defining moment for global markets, where digital assets and tokenized value are becoming central to financial operations.
Ondo Finance, a key player in this transformation, continues to advocate for the integration of real-world assets onto blockchain networks. Tomorrow, CEO Nathan Allman will join Chainlink Labs’ Fernando Vasquez at SmartCon to discuss how tokenization is redefining capital markets. Their conversation will explore how on-chain systems are bridging institutional finance with decentralized liquidity, shaping a more inclusive global ecosystem.
Technical Indicators Reflect Ongoing Bearish Pressure
Ondo’s price has declined sharply as selling pressure intensifies. On a three-day chart, it is observable that a downtrend is present, as lower highs and lower lows have been created from mid-September onwards. At the moment, its price is well below all 20 SMA, 50 SMA, 100 SMA, and 200 SMA lines, ranging between 0.85 and 0.96.
The moving average ribbon is also supporting a bearish view. The shorter moving averages are located well beneath the longer moving averages, signifying a robust resistance zone in the region of $0.85-$0.88. Recent attempts at a rebound have been unsuccessful, and the increasing divergence between the 20 and 200 SMA indicates that market control is in the sellers’ hands. For a change in market momentum, ONDO needs to recover those levels and remain above $0.85.
Source: TradingView
Momentum indicators remain weak, with an RSI of 32.21, close to oversold conditions. This points out that while selling pressures may be weakening, a clear-cut reversal is yet to be seen. The immediate support is at $0.55, followed by a stronger support at $0.48.
On the upside, while the resistance is at $0.70 and $0.85, if the $0.85 level is crossed, the next target will be $0.96. A sustained recovery will depend on renewed buying pressure.
Also Read: ONDO Price Poised for Explosive Rally Toward $1.15 Reversal Zone
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