ONDO Worth Prediction: Can Ondo defend the psychological degree of $0.40?

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Vital factors

  • ONDO has fallen 10% previously 24 hours and at one level fell beneath the $0.40 help degree.
  • As the worth pattern stays bearish, the coin could re-attempt a drop beneath the help degree.

ONDO recovers after dropping beneath $0.40

ONDO has misplaced 10% of its worth previously 24 hours, making it one of many worst performers among the many prime 100 cryptocurrencies by market capitalization. On the time of writing, ONDO is buying and selling at $0.41, barely recovering from its drop beneath $0.40.

This weak efficiency comes regardless of Ondo Finance asserting on Monday plans to combine with Solana (SOL) in early 2026 to increase its tokenized fairness and exchange-traded fund (ETF) platform.

Based on X’s submit, Ondo will introduce ETFs to the Solana community. Though this announcement alerts a bullish outlook for ONDO, the coin has underperformed over the previous 24 hours.

This integration will improve scalability and liquidity, leveraging SOL’s quickly rising person base and increasing Ondo’s ecosystem and adoption.

The bearish efficiency coincides with a decline in ONDO’s open curiosity on the Binance change, at the moment at $22.32 million, near its 2025 low. A lower in open curiosity means that speculative curiosity is at the moment reducing and merchants are closing positions.

ONDO may retest $0.34 as bears stay in management

ONDO/USD 4-hour chart is bearish and inefficient as Ondo has misplaced 10% of its worth previously 24 hours.

The coin confronted rejection final week on the $0.52 resistance degree and has since misplaced 16% of its worth. If the downtrend continues, ONDO could retest the $0.34 help degree within the quick time period.

The October 10 low of $0.24 may present additional robust help within the coming weeks and months.

ONDO/USD 4 hour chart

The Relative Power Index (RSI) on the 4-hour chart is 32, pointing downwards in direction of an oversold state of affairs and indicating robust bearish momentum. Moreover, the Transferring Common Convergence Divergence (MACD) indicator is displaying a bearish crossover, including to the damaging outlook.

Nonetheless, if the bulls recuperate, ONDO may as soon as once more rise in direction of the $0.52 resistance degree.

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