ONDO Tests Key Accumulation Zone at $0.45 as Market Seeks Footing

ONDO's price action this week reflects a market struggling to find equilibrium. The token slid to $0.45, entering what analysts identify as its first accumulation zone—a region where long-term investors typically begin scaling in. This level, just below the failed support at $0.46, now serves as a litmus test for buyer conviction.

Technical indicators paint a cautious picture. Weekly charts show persistent selling pressure, with no clear structural shift to suggest an imminent reversal. Yet beneath the surface, ambitious long-term targets remain: $5 and $10 projections linger in traders' playbooks, contingent on reclaiming key weekly levels.

The immediate risk lies below. Should $0.45 fail to hold, attention shifts to the $0.24–$0.20 range—a deeper accumulation zone where stronger hands might emerge. For now, the market watches for stabilization signals, aware that true momentum shifts require more than oversold conditions.