ONDO drops 10% sharply, losing key support. Is there still room for decline on the technical side?

2025-12-16 12:20:13

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【Crypto World】ONDO has recently experienced a 10% plunge in the past 24 hours. The price once broke through the important support level of $0.40 and is now struggling around $0.41.

It seems that the project team is also making efforts—Ondo Finance recently announced plans to integrate tokenized stocks and ETF platforms into the Solana ecosystem by early 2026, which should be a positive development. However, the positive news did not boost the token price; instead, the price continues to decline.

More concerning data has emerged. From the open interest on a major exchange, it has shrunk to $22.32 million. The technical analysis also looks pessimistic, with candlestick patterns indicating a continued test of the $0.34 support level. With this combination of factors, market sentiment is clearly deteriorating. Whether the decline can be halted in the short term depends on whether the $0.34 support level can hold.

ONDO2.24%

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