Ondo dips amid rising selling pressure

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Ondo Finance slides 10.82% today

Highlights

Ondo Finance's platform surpassed $1 billion in total value locked, setting a record among tokenized stock providers.
The firm expanded tokenization to over 260 U.S. stocks and ETFs on multiple blockchains and joined a pilot for instant tokenized Treasury redemption with major financial players.
ONDO/USD faces short-term downside after a sharp drop, with expected consolidation between $0.34 and $0.47 as daily momentum diverges from overbought intraday exhaustion.

Tokenized asset expansion boosts flows amid persistent selling pressure

Ondo Finance recorded a milestone as its Global Markets platform surpassed $1 billion in total value locked, making it the first to achieve this among tokenized stocks providers. The platform supports tokenization of more than 260 U.S. stocks and ETFs across Solana, Ethereum, and BNB Chain, with recent developments including cross-chain bridging to Hyperliquid’s HyperEVM via LayerZero. Ondo also participated in a pilot for near-instant, cross-border redemption of tokenized U.S. Treasuries with J.P. Morgan, Mastercard, and Ripple, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, highlights ONDO’s sharp 10.82% drop and emerging bearish divergence. He notes the asset remains above major moving averages but warns that overstretched oscillators and negative intraday price action signal risk of further downside. News of institutional adoption and milestone achievements have not offset immediate selling pressure. Kharitonov is cautious due to the conflicting technical signals. "Short-term risk is elevated — price may retest $0.3680 or lower if buyers do not regain control quickly."

Viktoras Karapetjanc, expert at Traders Union, sees ONDO’s recent developments as positive for the long-term outlook. He emphasizes the sustained bullish structure, reflected by price holding above all key moving averages and strong platform growth. Institutional collaboration and surpassing $1 billion in value locked show robust adoption and broadening market confidence. Karapetjanc believes the asset offers multiple near-term trading opportunities, especially if momentum returns. "The bullish structure remains intact — I expect further growth if resistance at $0.43 breaks in the coming sessions."

Sholanke Dele, market strategist, notes the sharp daily loss and high volatility in ONDO. He points out that positive momentum is contradicted by overbought oscillators and persistent selloff. Dele warns that the price is near the session low with sellers showing control. "I see elevated downside risk — ONDO may struggle if broader sentiment fails to improve this week."

Bullish momentum diverges from stretched oscillators as selloff deepens

ONDO/USD is priced above the 20-day ($0.3122), 50-day ($0.2808), and 200-day ($0.3752) simple moving averages, indicating continued bullish structure across short-, medium-, and long-term trends. The nearest dynamic support comes from the Ichimoku Kijun level at $0.3681, with $0.428–$0.435 representing nearby resistance from recent pivot and the long-term exponential average. Momentum readings are mixed: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) on the daily timeframe signal ongoing positive momentum, but oscillators are stretched. The Relative Strength Index (RSI) sits at 79.32 and the Commodity Channel Index (CCI) is in overbought territory, while the Stochastic RSI holds neutral for D1 but oversold in several intraday periods. Bull/Bear Power (BBP) remains positive at 0.1023, implying buyers still dominate intraday but with signs of exhaustion. The Awesome Oscillator (AO) supports the prevailing uptrend. However, ONDO/USD has dropped sharply to $0.3915, down 10.82% on the day with a clear downside gap of around $0.01 at the open. Price is now near the session low, volatility stands at 13.40%, and there is evident pressure after the open. Inconsistencies between daily momentum and overstretched oscillators reflect emerging divergence, with intraday selloff partially contradicting the longer-term bullish signal.

Previously it was reported that ONDO faced strong momentum but risked near-term consolidation due to overbought technical conditions. With the current session marked by a sharp drop and lingering divergence between momentum and oscillators, traders should watch for a decisive move outside the $0.34–$0.47 range to signal the next directional trend.

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

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