Over the past week, Ondo (ONDO) crypto has reversed from a potential bullish breakout above $0.42 to a 7% decline, now testing the $0.30 demand zone. Open Interest dropped from $122 million to $112 million in 24 hours, while spot CVD fell and funding rates turned negative before briefly recovering. The daily chart shows neutral momentum with an RSI of 46.6, though capital inflows remain positive (CMF at +0.06). Since June, ONDO has traded within a $0.305–$0.42 range. The mid-range level at $0.364 has been lost, and the $0.34 support is now under pressure. A drop toward $0.305–$0.320 could offer a buying opportunity targeting $0.42, but a breakdown below $0.30 would signal a bearish shift.
Ondo (ONDO) crypto has retreated from short-term resistance at $0.42, falling 7% in a week toward the $0.30 demand zone. The downturn coincided with a $10 million drop in Open Interest to $112 million within 24 hours.
Coinalyze data also revealed a decline in spot CVD and negative funding rates in recent hours, though funding turned marginally positive at press time. These indicators collectively pointed to bearish dominance.
On the daily chart, the Chaikin Money Flow (CMF) stood at +0.06, indicating sizeable capital inflows. However, the Relative Strength Index (RSI) registered 46.6, reflecting neutral momentum after the rejection from range highs.
Since June, ONDO has oscillated within a $0.305–$0.42 range. The mid-range level at $0.364 has been lost to sellers, and the $0.34 local demand zone is currently being tested.
A breakdown below $0.34 and a dip to the $0.305–$0.320 zone would likely present a buying opportunity targeting $0.42 as take-profit. However, the longer-term swing structure remains bearish, as indicated by the daily chart.
Traders should prepare to cut positions if the price dips below $0.30 and adopt a bearish bias thereafter. The price action has lacked a clear trend in recent months, but oscillation within the range has offered trading opportunities.
Swing traders will be closely watching the $0.305–$0.320 demand zone in the coming days for a potential entry.
