Ondo slides 7.24% as sellers control the short-term trend

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Ondo slides 7.24% today to $0.351

Highlights

Ondo Perps is set to launch on June 9, 2026, enabling non-US traders leveraged access to tokenized equities.
Expanding institutional adoption suggests growing appeal among larger financial players, though recent price action reflects broad market selling pressure.
Technicals indicate strong near-term selling momentum, with the next 2–3 day range forecasted at $0.3303 to $0.3717 and high downside probability.

Platform expansion and institutional focus amid ongoing market pressure

The upcoming launch of Ondo Perps, a platform enabling non-US traders to access tokenized equities with leverage, is drawing market attention ahead of its scheduled release on June 9, 2026. This development is seen as a move to expand the platform’s reach and potentially increase transaction volumes and user engagement, which may contribute to a more diverse revenue stream and institutional appeal. Additionally, the Ondo platform has been expanding its institutional presence, suggesting increased traction among larger financial players, though price action has remained under broader selling pressure.

Downside momentum prevails as key moving averages are breached

ONDO is trading below the MA-20 at $0.3640 and MA-50 at $0.3851, but remains above the MA-200 at $0.3416. The Ichimoku Kijun level of $0.3690 defines immediate resistance. MACD indicates a strong sell signal, while ADX is neutral—signifying clear downside momentum but no reinforced trend strength. RSI stands at 43, accompanied by sell signals from CCI; Stoch RSI is neutral. Bull/Bear Power (BBP) suggests latent buyer presence with a buy reading, whereas the Awesome Oscillator stays neutral, creating a divergence among momentum and oscillator signals.

Elevated volatility risk as recovery appears unlikely without breakout

Over the next two to three trading days, ONDO is expected to remain within a broad volatility band between $0.3303 and $0.3717. Downside risk is elevated, and a rebound is presently considered unlikely. If resistance at $0.3690 is exceeded, a bullish scenario could develop. Conversely, a sustained move below $0.3303 would signal further downside continuation.

Viktoras Karapetjanc, expert at Traders Union, sees the Ondo Perps launch and institutional expansion as key catalysts building positive sentiment around ONDO. He notes that market attention is increasing, but technicals still signal strong downside momentum. Near-term price action remains under pressure, with substantial resistance just above. Karapetjanc believes the project's longer-term institutional ambitions will support a constructive outlook once selling abates. "If ONDO can hold its long-term supports and capitalize on rising institutional adoption, renewed upside could soon follow."

Earlier, analysts noted that Ondo remained under persistent selling pressure despite ongoing ecosystem developments and infrastructure upgrades. The current price action reinforces this cautious outlook, with downside risk prevailing and the $0.3303 support level emerging as a critical threshold for traders to monitor in the coming days.

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.