Ondo (ONDO) is demonstrating sustained bullish momentum, posting a 7.38% gain over the past 24 hours as buying pressure intensifies. However, weekly performance remains muted, reflecting a 1.88% decline amid short-term market weakness.

The token is currently trading around $0.2681, buoyed by a significant 57.07% surge in 24-hour trading volume to $84.65 million. Market capitalization has also climbed 7.94% to $1.3 billion, signaling growing investor interest and capital inflow into the asset.

Technical analysis indicates the token remains within a broader bearish trend characterized by lower highs and lower lows. A descending trendline continues to cap upside potential, though consolidation near the $0.20–$0.25 demand zone suggests potential accumulation. A decisive breakout above the $0.30–$0.40 resistance band is viewed as critical for a confirmed trend reversal toward higher targets.