ONDO Tests Critical $0.91 Support as Analysts Eye Potential Pullback to $0.68

Ondo Finance (ONDO) is hovering NEAR crucial support at $0.91, with market analysts warning of potential downside movement toward $0.68 if current levels fail to hold. The token's 24-hour trading volume stands at $136 million amid a 1% price decline, reflecting cautious market sentiment among investors.

Derivatives data reveals concerning signals - open interest dipped to $427 million while trading volume plummeted 49% to $269 million. This liquidity contraction follows ONDO's volatile journey from its $0.1992 low to December's $2.13 all-time high, demonstrating the asset's susceptibility to sharp price swings characteristic of emerging digital assets.

Market technician Ali Mertaniz identifies $0.85 as the immediate battleground level, noting that failure to maintain this support could accelerate selling pressure. Conversely, stabilization above this technical threshold might revive bullish momentum and attract fresh capital inflows into the token.