- ONDO trades below $1.00, testing mid-range support with bearish momentum prevailing on lower timeframes.
- Total Value Locked (TVL) jumped to $1.672 billion, a new all-time high.
- A breakout above $1.00 could push more upward momentum.
ONDO is holding a critical price level after failing to break key resistance. As technicals flash mixed signals, investors eye a potential breakout or deeper correction.
ONDO Price Rejected at Channel Top
ONDO’s recent price action paints a picture of hesitation. The token attempted a breakout past $1.10 last week but got rejected at the top of a well-defined descending channel, according to a TradingView chart shared by Alpha Crypto Signal on X.
Since then, ONDO has retreated, now trading around $0.93. It’s hovering just above the mid-range support zone between $0.90 and $0.88 — a level that previously acted as a springboard for bullish attempts. If buyers can defend this zone again, the structure remains constructive for another push toward the upper channel line.
ONDO is trading below both the 9-day EMA and 50-day SMA, which are converging near $0.978 and acting as immediate resistance.Failure to hold the current range could open doors to a drop toward the lower boundary near $0.75–$0.70.
Fundamentals Show Strength Amid Ecosystem Growth
Despite price weakness, ONDO’s on-chain metrics tell a different story. According to DeFiLlama, the Total Value Locked (TVL) in Ondo Finance has soared to $1.672 billion, marking a new all-time high. This growth accelerated notably since late Q1 2025, driven by the launch of Ondo Global Markets.
The platform currently has $55.67 million in annualized revenue, with zero subsidies — a rare sign of efficiency and sustainability in the DeFi space. Ondo’s 30-day DEX volume stands at $292.85 million, suggesting moderate trading activity relative to its growing capital base.
Market data from CoinMarketCap shows ONDO with a $2.939 billion market cap and a fully diluted valuation of $9.302 billion. However, with an outstanding FDV of $4.445 billion, significant token unlocks remain a near-term risk.
Key Levels to Watch
The $0.90–$0.88 range is a key battleground for ONDO right now. If buyers step in and defend this level, we could see another push toward the top of the channel. A break above $1.00 with strong volume might even spark a full trend reversal.
But if support fails, a drop to $0.75 is likely. With TVL surging past $1.7B, the fundamentals are solid—now it’s up to the price to catch up.
