ONDO Tests Crucial $0.30 Support Zone as Recovery Signs Emerge
Ondo Finance (ONDO) is hovering at a critical demand zone following an 88% decline from its all-time high, marking a decisive juncture for the token's future path. Currently trading at $0.26705, reflecting a 4.66% daily decline, Ondo sees $137.87 million in volume and holds a $1.35 billion market cap. The historical support band between $0.20 and $0.30 now acts as a key test for buyer conviction.
Analysis from Crypto Patel points to bearish divergence stemming from ONDO's macro top at $2.14, with the former support zone of $0.73-$0.80 now flipped to resistance. Accumulation within the $0.20-$0.32 range appears strategic, provided weekly closes remain above $0.20 to maintain the bullish higher-timeframe structure. Potential upside targets range from $0.70 to an ambitious $5-$10, contingent on the market successfully absorbing upcoming unlocked supply.
