Why ONDO’s $0.20–$0.32 Zone Has Traders Watching for A Major Move

ONDO is currently ranging around an important price level this week as market participants look for a reversal in momentum and fresh signs of buying.

The token is currently trading at around $0.33 after a significant drop that saw it lose 85% of its value from the last cycle high. ONDO has once again attracted market attention as it nears a critical point.

Market expert Crypto Patel explains that ONDO is in a large demand zone for the week and that this area historically attracts strong buying interest.

Source: X

Patel also explains that although there has been little price movement, there has been steady buying activity on the charts. Large investors’ spot market orders have been in the $0.35-$0.40 range, and the 90-day cumulative volume delta is positive.

Analysis of the market by Patel reveals large market participants stealthily submitting orders, as opposed to pursuing prices. Based on this analysis, the region of $0.32-$0.20 is a critical region for buy orders.

Source: X

As long as ONDO maintains weekly closing prices above $0.20, the entire scenario remains valid. Patel has also clarified long-term routes of recovery to $0.70, $1, and potentially higher, if the 2026 unlock supply is absorbed by the market.

Also Read: Felix Protocol Joins Ondo Global Markets to Launch Tokenized US Equities On-Chain

Weekly ONDO/USDT Market Cycle Overview

Using technical analysis on the Tradingview chart, the outlook is cautiously positive. The weekly chart for ONDO/USDT spans a complete market cycle, from strong growth to the peak at around $2.14, after which the momentum died.

Then, the structure collapsed, and the former support level at $0.73-$0.80 became a resistance level, indicating a fundamental change in the market trend.

The long drop has pushed the price of ONDO into the $0.30-$0.20 demand area, where the price has shown some slowing down.

Source: Tradingview

On the lower timeframes, the Tradingview chart indicates that the price of ONDO is still below the major exponential moving averages, which makes the short-term trend of the price bearish.

However, the RSI has shown a recovery from close to the oversold level, and the MACD histogram bars have become smaller, which shows that the bearish momentum is slowing down.

Key Levels to Watch Going Forward

From TradingView, the first level of resistance is approximately $0.38-$0.40, but there is a stronger level of resistance around $0.45-$0.50, where a number of moving averages converge.

A strong break above these points is required to confirm a fundamental shift. On the other hand, a close below $0.20 on a weekly chart would negate the accumulation pattern proposed by Crypto Patel.

Also Read: ONDO Remains Under Pressure Ahead of U.S. Crypto Market Vote