ONDO Retraces Sharply As Price Stalls Below Resistance and $0.8507 Support Levels Take Priority

ONDO faced a 13% weekly decline after rejecting resistance near $0.905, with trading volume dropping nearly 30%.

Major support holds around $0.8507, while deeper support sits near $0.5833 and $0.5389 if the decline continues.

The Fully Diluted Valuation remains high at $9.04B, and key resistance levels ahead include $1.0878, $1.1415, and $1.6384.

Ondo (ONDO) recorded a price decline over the past week, retracing after meeting resistance within a defined yellow zone on the chart. The asset faced a 13.0% pullback in the last seven days, bringing its current price to $0.9052. Trading activity also weakened as daily volume fell by 29.78%, settling at $143.67 million. While ONDO maintained a market capitalization of $2.85 billion, the unlocked market cap stood higher at $4.4 billion.

Notably, this latest movement occurred after the token encountered resistance levels around the $0.905 region. The resistance zone extends further, with the chart marking levels at $1.0878 and $1.1415. These areas remain critical for any future upward attempts.

Key Support Zones Define ONDO’s Trading Outlook

The chart highlights a prominent red zone identified as a major support area. This region centers around the $0.8507 price level, which traders will watch closely. If ONDO manages to stay within this support range, it may establish a more stable foundation for further moves.

However, if the price falls below this zone, the market could revisit lower levels. The blue bands on the chart show additional support levels near $0.5833 and $0.5389. These levels, previously tested in late 2024, marked significant turning points.

The chart also displays a critical area between $0.8025 and $0.8745, reinforcing the importance of monitoring price reactions in this broader support range. Each of these zones will likely remain relevant as trading continues.

Volume Drops as ONDO Holds Near Key Support

Alongside the price pullback, ONDO saw a marked reduction in 24-hour trading volume. The recent 29.78% decline in volume may indicate lower participation as the asset consolidates. This shift coincided with the rejection from the resistance band and the return toward support.

Source: CoinMarketCap

Notably, ONDO maintains an FDV (Fully Diluted Valuation) of $9.04 billion. This figure provides perspective on the token’s total market scope if all supply becomes liquid. The chart also marks higher resistance zones between $1.5762 and $1.6384, as well as the peak level at $2.1476, labeled as “Zirve.”

However, any movement toward those levels depends on holding above current support. As the market adjusts, traders will assess whether ONDO remains above the major support zone or tests lower bands.

ONDO’s price remains pressured below resistance, with support levels critical for stability. Volume weakness and defined zones will guide near-term movement as traders monitor key reactions within this range.