Ondo price prediction: Selloff threatens $0.4753 support
Ondo (ONDO) is trading at $0.521, down 6.65% on the day. The asset currently sits above its key short-term moving average but remains below the medium-term average, while holding well above its longer-term trend indicator.
Highlights
- Ondo Finance has enabled spot trading for 12 tokenized stocks and ETFs for non-US users on its perpetual futures platform.
- The update lets international customers use tokenized US equities as collateral for derivatives, expanding platform flexibility and reach.
- ONDO/USD is expected to move between $0.4753 and $0.5667 over the next 2 to 3 trading days, with technical signals mixed and intraday volatility elevated.
Platform expansion boosts utility amid persistent selling pressure
Ondo Finance has expanded its product lineup by launching spot trading for 12 tokenized stocks and ETFs through its perpetual futures platform Ondo Perps, according to Cryptobriefing. This move opens access for non-US users to purchase tokenized US equities and employ them as collateral for derivatives, increasing the platform's flexibility and broadening its addressable market. The added functionality is likely to enhance platform utility and transactional liquidity for international customers, though price action has remained under broader selling pressure.
Mixed momentum as ONDO straddles key technical boundaries
On the h1 chart, ONDO trades above the MA-20 ($0.5148) but remains below the MA-50 ($0.5364), and is notably well above the long-term MA-200 ($0.3413). Immediate resistance is set by the daily Ichimoku Kijun at $0.5438. Intraday momentum is negative, with MACD at Strong Sell and ADX signaling Neutral conditions. RSI and Stochastic RSI indicate overbought conditions, while CCI holds Neutral. Bull/Bear Power suggests dominant buyer activity, whereas the Awesome Oscillator is Neutral, underscoring mixed trends across indicators.
Sideways consolidation likely as volatility defines outlook
Over the next two to three trading days, ONDO/USD is expected to fluctuate within a volatility band between $0.4753 and $0.5667. The forecast assigns a 57% probability to an upward move and a 43% chance of further downside, with a baseline scenario of sideways consolidation inside this corridor. A breakout above $0.5438 could provide further upside momentum, while a drop below $0.4753 would indicate renewed downside risk.
Earlier, analysts noted that despite ongoing adoption efforts, ONDO’s price action remained under pressure even as certain technical indicators aligned bullishly. The current technical setup reinforces the earlier mixed outlook, highlighting the importance of monitoring $0.5438 as immediate resistance for signs of a trend shift in the near term.