Will ONDO Recover Soon? Key Indicators Suggest Potential Rally to $0.71

• ONDO stays in a strong downtrend with ongoing selling pressure.
• A short-term bounce is possible from the $0.42 support level only.
• RSI and MACD show weakening momentum, potential relief ahead.
• The $0.57 resistance is critical; rejection may push the price lower.

Ondo Finance (ONDO) is showing a rebound after last week’s dip, moving steadily on a positive trajectory. Over the past 24 hours, the token climbed about 5.82%, partially recovering from the 6.87% decline seen earlier. Traders notice that market sentiment is gradually turning positive.

At the time of writing, the ONDO is trading at $0.4986, supported by a 24-hour trading volume of $75.66 million, marking an 8% increase compared to the last day. Moreover, its market cap stands at $1.57 billion, which has also surged by5.84%.

Also Read: Ondo Faces Heavy Sell-Off but $0.96 Target Remains in Sight

Technical Indicators Hint at Temporary Relief

The chart clearly shows the token in a strong downtrend for several weeks, with candles staying below the 20-day moving average and repeatedly touching the lower Bollinger Band. However, the recent relief from $0.42 indicates short-term relief. However, the bearish market structure exists in the market if the market fails to cross the resistance level of $0.57.

Since the value for the RSI is 34, the token is near the oversold level. However, the momentum for selling the token is also decreasing. Since the MACD indicator is still negative for the token, but the histogram for the same indicator is flat, the bear market in the token might lose momentum. Together, the RSI and MACD suggest a possible short-term bounce, but not yet a confirmed reversal.

Key support sits at $0.42, while resistance levels are $0.57 and $0.71. A bounce toward $0.55–$0.57 is possible, but the trend stays bearish until a daily close above $0.57. Traders can expect short-term relief but should remain cautious, as any rejection at resistance may push the token back toward its lower support range.

Ondo Expands with $25M YLDS Investment

We’re excited to share a $25M investment in @Figure’s yield-generating YLDS stablecoin to support OUSG, Ondo’s flagship tokenized fund. Adding YLDS will strengthen and diversify OUSG’s yield sources, building on its existing portfolio of funds from leading managers like BlackRock, Fidelity, Franklin Templeton, WisdomTree, FundBridge Capital, and more.

Since its launch, OUSG has grown to become a flagship brand with a cumulative value locked in excess of $780 million. OUSG allows for instant 24/7 subscriptions and redemptions, daily interest accumulation, low costs, and support for various chains like Ethereum, Solana, Ripple, and Polygon. OUSG’s investment will boost its ecosystem since the vision for on-chain finance by Ondo and Figure is now being realized.

Also Read: Ondo Finance (ONDO) Eyes Key Reversal Zone With Potential to Reach $2