Ondo’s long-term story is improving. Its price action is not.
ONDO is trading below $0.40 after falling nearly 6% in a single day, extending a broader correction. This comes even as Ondo Finance announced plans to integrate with Solana in early 2026, a move that should expand its tokenized stocks and ETF platform over time.
The disconnect is clear. The news is bullish for the future. The market is focused on the short term.
Why price is still under pressure
Derivatives data shows fading trader conviction. Open interest on Binance has dropped to $22.3 million, near yearly lows. That signals traders are closing positions rather than stepping in to buy the dip.
Technically, ONDO remains weak. The token was rejected at $0.52, the 38.2% Fibonacci retracement, and has fallen more than 16% since that rejection. Momentum continues to favor sellers.
The RSI is near 30 and still trending lower, pointing toward oversold conditions but also confirming strong bearish momentum. At the same time, the MACD has flipped bearish, reinforcing the downside bias.
What to watch next
If selling pressure continues, ONDO could drift toward the $0.24 October low. That remains the key downside level.
On the upside, any meaningful recovery would need to reclaim $0.52 to shift momentum back in favor of bulls.
Solana integration strengthens Ondo’s long-term thesis. For now, though, price and momentum say the bears are in control.
