Ondo drops 7.37% as sellers keep pressure on short-term trend

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Ondo drops 7.37% to $0.3532 today

Highlights

Ondo Finance expanded to 173 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain, boosting its platform offering.
Integration with Mirae Asset enables tokenized access to all US-listed Global X ETFs, while successful asset settlement with JPMorgan and Mastercard demonstrates advancing institutional capabilities.
ONDO/USD trades below short- and medium-term trend indicators, with high selling pressure and likely range of $0.3424–$0.3769 over the next 2–3 days.

Asset expansion and partnerships fail to offset persistent selling pressure

Ondo Finance expanded its on-chain platform by adding 173 new tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain, significantly increasing the breadth of assets available and broadening utility for users. The platform's partnership with Mirae Asset Global Investments enabled the tokenization of the full suite of US-listed Global X ETFs, offering a wider range of investment products and enhancing its market position. In addition, Ondo Finance, together with JPMorgan and Mastercard, completed a real-world asset settlement of a tokenized US Treasury on the XRP Ledger, reflecting its growing technical and institutional capabilities, though price action has remained under broader selling pressure.

Oversold readings deepen as price challenges key support

ONDO/USD traded below the MA-20 and MA-50, while holding above the MA-200. The Ichimoku Kijun sits at $0.3691 as immediate resistance. Technical support is located at $0.3424, with resistance at $0.3769. MACD signals a sell and ADX indicates a neutral trend, while RSI is in sell territory and CCI shows the asset as oversold. Stoch RSI remains neutral, BBP confirms seller dominance intraday, and the Awesome Oscillator points to ongoing downward momentum.

Volatility persists as price consolidates within defined band

In the short term, ONDO is likely to fluctuate between $0.3424 and $0.3769, reflecting a typical volatility band relative to current levels. Consolidation within this corridor is the baseline scenario. A bullish case may emerge if the price breaks above immediate resistance, while further declines are probable should support give way.

Anton Kharitonov, expert at Traders Union, sees ONDO’s recent platform expansion and strategic partnerships as positive fundamentals, but notes that these have not translated into upward price action. Technically, the setup remains weak, with price below key moving averages and sellers dominating momentum indicators. The baseline expectation is for continued consolidation between $0.3424 and $0.3769 unless either support or resistance breaks. "Until ONDO reclaims $0.3691 with confirmation, I remain defensive and see little incentive to enter long positions."

Earlier, analysts noted that Ondo maintained a bullish structure supported by a wave of ecosystem expansions and positive sentiment. The current shift to price consolidation alongside continued on-chain developments adds a new layer of complexity, making sustained movement above $0.3769 a critical pivot for signaling renewed 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.