ONDO Plummets 12% in a Week—Will the $0.80 Floor Hold or Fold?

Crypto’s latest darling takes a nosedive as ONDO shaves off 12% of its value in just seven days—breaking through what traders called a ’key structure.’ Now all eyes are on that $0.80 support level.

Will it bounce like a speculative altcoin or crumble like a Lehman Brothers prospectus? The charts don’t lie—but they do enjoy watching degens sweat.

Looking ahead, Ondo Price must first reclaim the key level at $0.90, which also aligns with the EMA 20. A strong move above this level, supported by follow-through and solid volume, could open the door to a retest of the $1.00 mark—the recent lower high.

However, to fully reclaim the previous bullish structure, ONDO price would also need to break above the most recent peak at $1.10. On the downside, a breakdown below the key support at $0.80 could potentially send ONDO toward the next major support around $0.70.

On the fundamental side, Ondo Finance recently met with the U.S. Securities and Exchange Commission. In that meeting, which took place in late April, the firm’s leadership team joined legal representatives from Davis Polk & Wardwell to discuss how traditional financial regulations might apply to tokenized securities. They also suggested possible sandbox initiatives or regulatory exemptions to encourage innovation while protecting investors.