-7.71% for Ondo as price slips toward $0.3668 support

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Ondo drops 7.71% to $0.4047 today

Highlights

Ondo Finance executed the first cross-border tokenized U.S. Treasury redemption using blockchain with JPMorgan, Mastercard, and Ripple, demonstrating rapid asset settlement.
Ondo's integration into the DTCC tokenization group and collaboration with major financial players strengthens its positioning in regulated institutional markets.
Despite recent innovation, ONDO faces strong overbought signals and high volatility, with price likely to trade sideways between $0.385 and $0.425 as corrective pressures persist.

Institutional pilot with JPMorgan and Ripple lifts profile amid market selloff

On May 9, 2026, Ondo Finance completed the world's first cross-border tokenized U.S. Treasury redemption, collaborating with JPMorgan, Mastercard, and Ripple to execute a pilot transaction. The asset leg was settled on the XRP Ledger in under five seconds, with final U.S. dollar delivery managed through JPMorgan’s Kinexys platform and Mastercard’s Multi-Token Network, demonstrating the technical viability of Ondo’s solution within key financial infrastructure. Earlier, Ondo’s addition to the DTCC tokenization working group on May 7 marked further engagement with established institutional players, increasing the project’s profile in regulated markets, though price action has remained under broader selling pressure.

Overbought signals and bullish momentum collide near key technical supports

ONDO has key technical levels concentrated between $0.2953 (SMA-20), $0.2737 (SMA-50), and $0.3780 (SMA-200), with immediate support from the Ichimoku Kijun at $0.3668. Momentum indicators present a mixed picture: MACD and ADX (25.48) register bullish signals, while the RSI (78.91) and CCI (245.10) demonstrate pronounced overbought conditions. Stoch RSI flags a strong sell, and Bull/Bear Power is positive, reflecting continued buyer influence despite stretched oscillator readings. The Awesome Oscillator remains aligned with the prevailing uptrend, but price is near the lower end of the intraday range ($0.4063–$0.4232), underlining the current bout of high volatility and ongoing corrective pressure.

Sideways outlook favored as breakout odds remain subdued

For the coming sessions, ONDO is expected to fluctuate within a typical volatility band of $0.385 to $0.425. The probability of an upward breakout appears low (less than 20%), favoring a sideways or correcting scenario as overbought technicals unwind. A decisive push above $0.425 would require a shift out of overbought territory and renewed sustained buying, while a drop below $0.385 could trigger additional profit-taking and force the price lower toward secondary support.

Viktoras Karapetjanc, expert at Traders Union, sees Ondo’s recent industry-first cross-border tokenized U.S. Treasury redemption as a fundamental milestone for institutional adoption. He believes coordinated pilots with top-tier partners and inclusion in the DTCC tokenization group set a solid foundation for longer-term relevance. Near-term price is still capped by overbought technicals and broader market pressure, but the strategic direction is positive. 'If momentum holds above the key supports, recent institutional breakthroughs could help ONDO stabilize and recover in the coming weeks,' says Karapetjanc.

Previously it was reported that Ondo was exhibiting strong short-term momentum, but also risked near-term consolidation amid overbought technical conditions. The latest market action reinforces this cautious outlook, as heightened volatility and stretched oscillators suggest traders should closely monitor the $0.385 support for signs of deeper corrective movement.

Source of Data: ONDO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.