Ondo continues to mirror the broader market sentiment, showing sustained price weakness. Over the last 24 hours, the token dropped 4.37%, extending its struggles on the weekly scale with a 1.42% decline. At the time of writing, the token is trading at $0.9290, holding just below the $1 threshold.
Trading volume stands at $179.89 million, marking a 19.98% decrease in the past day. This dip in activity reflects fading short-term interest, even as the market capitalization remains firm at $2.93 billion. The combination of slowing demand and continued range-bound movement signals cautious trading behavior, with participants waiting for a clear direction.
Also Read: ONDO Price Prediction: Will It Break $2 or Fall Below $1?
Despite weak token performance, Ondo Finance continues to build its ecosystem. The launch of Ondo Global Markets introduces tokenized versions of more than 100 US equities and ETFs on Ethereum. These assets, backed by US-registered broker-dealers, bring real-world financial exposure into decentralized finance.
The platform enables minting and redemption five days a week, with easy transfer across wallets, exchanges, and DeFi protocols. Apple and Nvidia are among the first offerings, though access is limited to non-US investors in regions such as Asia-Pacific, Europe, Africa, and Latin America.
By late 2025, the offering would expand to over 1,000 assets with chain-to-chain interoperability using Solana and BNB Chain. Partnerships with BitGo, Ledger, Chainlink, and OKX Wallet also contribute to the credibility of Ondo in tokenized finance.
Weekly chart for the token shows the token holding stable in a narrow range. Price has been steadily maintained above the $0.85 where the accumulation pressure is high. Buyers appear determined not to let this area go, with smaller wicks on the recent candles showing resistance.
Major resistance is at $1.12, where rallies have been subdued multiple times. If the price breaks through this point, the market could turn bullish. With strong trading volume, the next targets would be $1.30 and $1.35, and even $1.60 on sustained momentum.
Failure to reclaim $1.12 would cause the token to get stranded in consolidation, with a breakdown below the $0.85 level likely to initiate the downshift towards $0.75. Sentiment is bullish for now, but the deciding factor is whether the token will successfully break through its obstinate resistance.
Also Read: ONDO Token Drops to $0.91 – Analysts Predict $2.02 by 2025
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