ONDO Tests Critical Support as Bearish Channel Holds Amid Weak Momentum

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-13 12:35:12

ONDO News -

Ondo Finance's ONDO token is struggling to break free from a clear downtrend, currently trading near the lower boundary of its descending channel at $0.2461. The token dipped 0.4% over the past 24 hours, reflecting tepid buying interest despite a $94.39 million trading volume.

Technical analysis suggests ONDO remains under bearish control, with any potential rebound likely to face stiff resistance at mid-channel levels. A decisive channel breakout would be required to signal a trend reversal, while a rejection at higher prices would confirm the continuation of the downtrend.

Momentum indicators continue to show weakness, aligning with the pattern of constrained recovery attempts. The market is now watching for either a decisive breakout or confirmation of further downside movement.

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