Ondo price prediction: Can $0.389 support hold as ONDO drops sharply?

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Ondo slides 7.08% after token move

Highlights

Ondo Finance transferred 150 million ONDO tokens ($63.9 million) from its team wallet, adding $9.15 million to exchange liquidity across major platforms.
Ondo Finance expanded functionality by enabling cross-chain trading of 35 tokenized US equities and ETFs and surpassed $1 billion in global platform value locked.
Despite bullish trend signals, ONDO faces short-term downside risk and high volatility, with expected trading between $0.389 and $0.409.

Increased liquidity from team token transfer and new trading tools

On May 12, 2026, Ondo Finance completed a transfer of 150 million ONDO tokens, valued at roughly $63.9 million, from a team-controlled multisig wallet to an external address, with $9.15 million of these tokens subsequently deposited onto Coinbase and Bybit, increasing immediate exchange liquidity. This maneuver was accompanied by the originating wallet retaining a substantial portion of team-held tokens. In parallel, Ondo Finance enabled cross-chain spot trading of 35 tokenized US stocks and ETFs by bridging assets onto Hyperliquid’s HyperEVM via LayerZero, while its Global Markets platform crossed the $1 billion mark in total value locked, signaling ongoing institutional and retail participation. All activities unfolded as price action has remained under broader selling pressure.

Overbought signals challenge technical support amid high volatility

ONDO is above its key technical levels, with the MA-20 at $0.3187, MA-50 at $0.2835, and MA-200 at $0.3734. The Ichimoku Kijun is currently positioned at $0.3681, acting as immediate support beneath the market. On the momentum side, the MACD and ADX both show clear buy signals, while the RSI at 65.97 and the CCI in overbought territory suggest stretched conditions. Stoch RSI is neutral, reflecting diminishing upside momentum. Intraday Bull/Bear Power indicates buyer dominance, and the Awesome Oscillator confirms the prevailing upward push, though these signals contrast with high volatility and a gap down at the open.

Sideways action expected as breakout risk and compression persist

Over the next five trading days, ONDO is likely to remain within a volatility band of $0.389 to $0.409, reflecting the recent fluctuations and compression around current levels. A breakout above $0.409 would open the way for a bullish scenario, while a breach of support at $0.389 could lead to additional downside. The base case expects the price to oscillate sideways in this range, as current signals point to lower odds of a sustained move higher.

Anton Kharitonov, expert at Traders Union, sees recent ONDO token transfers as a source of short-term sell pressure. He notes ONDO is above major averages but faces stretched technicals and high volatility. Neutral signals from momentum indicators and a volatile news backdrop limit conviction on direction. "Until ONDO decisively breaks above $0.409 or falls below $0.389, I remain on the sidelines and see no clear tactical trade setup."

Previously it was reported that Ondo maintained a bullish technical structure despite heightened volatility and selling pressure. The latest developments reinforce this view, but with new token unlocks and exchange flows introducing additional near-term supply, traders should remain alert for a shift in momentum around the $0.389–$0.409 volatility band.

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.