Ondo Finance (ONDO) is at a critical point in a demand zone following an 88% decline from its all-time high, indicating a make-or-break point for the token. TheOndo Finance (ONDO) is at a critical point in a demand zone following an 88% decline from its all-time high, indicating a make-or-break point for the token. The

ONDO Near $0.30 Zone Could Trigger Major Recovery

2026/02/02 21:45
2 min read

Ondo Finance (ONDO) is at a critical point in a demand zone following an 88% decline from its all-time high, indicating a make-or-break point for the token. The critical point could spark a significant recovery or confirm a long-term downtrend for the token.

ONDO is currently trading at $0.26705, down 4.66% in the past 24 hours, with a trading volume of $137.87 million and a market capitalization of $1.35 billion. The token is at a critical point in a historical support zone where buyers could appear.

Source: TradingView

Also Read | Ethereum Funding Rates Drop to FTX-Era Lows Amid $300 Billion Market Selloff

ONDO Bears Divergence Emerges Near $2.14

Crypto analyst Crypto Patel pointed out that the bearish divergence in ONDO was first noticed around the $2.14 macro top. The asset then broke down and tested the old $0.73-$0.80 support level, which is now a resistance zone. The current weekly demand zone, ranging between $0.20 and $0.30, has always been a strong point for buying.

Source: X

A bullish order flow is said to be building up in the $0.32-$0.20 area. Patel advises a slow and cautious accumulation process as long as ONDO is trading in this range. Weekly closes above $0.20 are crucial to maintaining the broader bullish structure, suggesting that investors should watch this level closely.

The upside targets, according to the analyst, are set at $0.70, $1, $2, and an extended range of $5-$10, depending on the full absorption of unlock supply. The potential bounce in ONDO is pegged to real-world asset (RWA) stories that could fuel adoption and growth in 2026. A weekly close below $0.20, however, would negate the overall bullish structure and confirm the prevailing downtrend.

The dramatic fall of Ondo Finance reflects the overall market volatility that smaller-cap assets are currently experiencing. Strategic accumulation at historical support zones could offer risk-adjusted opportunities for experienced investors.

Also Read | MicroStrategy Holds 712K Bitcoin As Michael Saylor Hints at New Bitcoin Buy

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