Ondo price prediction: Will $0.3219 support hold as ONDO slumps 12.23%?

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Ondo drops 12.23% today to $0.3596

Highlights

Ondo Finance faces strategic uncertainty after the sudden passing of founder and CEO Nathan Allman, with Ian De Bode promoted to maintain operational continuity.
Ondo Global Markets recently surpassed $1 billion in total value locked for its tokenized U.S. equities and ETFs platform, underlining significant user adoption and operational scale.
ONDO trades under short-term selling pressure with high volatility; expected to remain range-bound between $0.3530 and $0.3750, with downside favored over the next five days.

Leadership transition drives uncertainty as operational milestones achieved

Ondo Finance announced the unexpected passing of its founder and CEO, Nathan Allman, prompting a leadership transition at a critical juncture for the company. Ian De Bode, previously President, was appointed as CEO to ensure continuity, yet markets may view this shift as introducing strategic uncertainty. Recently, Ondo Global Markets reported surpassing $1 billion in total value locked for its tokenized U.S. equities and ETFs platform, providing a concrete signal of scale and user adoption, while operational milestones were confirmed with an on-chain volume around $3.86 billion and TVL near $3.71 billion, though price action has remained under broader selling pressure.

Technical boundaries tested amid mixed momentum and volatility spikes

ONDO is trading below the SMA-20 at $0.3990, while still holding above the SMA-50 at $0.3219 and SMA-200 at $0.3516. The Ichimoku Kijun level sits at $0.3772, currently acting as overhead resistance. Daily momentum is mixed: MACD signals a strong buy and the ADX indicates a robust uptrend, though the Stoch RSI is in deep oversold territory and RSI is moderately bullish. CCI is close to neutral, while BBP implies buyers have regained some influence, though without decisive control. Today’s session opened with a notable gap down and persistent volatility, amplifying uncertainty as the price nears the session lows.

Downside bias persists as price outlook favors renewed weakness

For the near term, ONDO is expected to trade within a $0.3530–$0.3750 volatility band, corresponding to ±5% of the current level based on recent daily action and typical historical swings. The probability of a price increase over the next five days is estimated below 20%, making a sideways-to-lower scenario more likely. A break above $0.3772 could open the way for a short-term rebound toward the upper end of the range, while a move beneath $0.3530 would signal scope for further declines.

Viktoras Karapetjanc, Traders Union expert, sees ONDO under short-term pressure following the sudden passing of its CEO, which has introduced uncertainty at a crucial stage for the project. He believes fundamental adoption remains strong, with significant TVL and transaction growth providing a robust base even as price action faces volatility. Markets are likely to stay sensitive to leadership stability, but operational progress suggests underlying confidence is intact. 'If ONDO holds above $0.3530 and leadership transition settles, sentiment could recover as long as real asset tokenization momentum continues,' says Karapetjanc.

Earlier, analysts noted that Ondo faced sustained volatility and uncertainty after its leadership transition, with bearish momentum overshadowing near-term price action. With recent milestones in adoption and continued support from longer-term moving averages, traders should closely monitor the potential for a breakout above the Ichimoku Kijun level at $0.3772, which could shift sentiment and trigger renewed upside momentum.

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.