ONDO Faces Short-Term Weakness but Long-Term Upside Potential Remains Strong

ONDO trades near $0.69 after a 5% daily drop, showing short-term weakness within a potential accumulation phase.

Analyst projections suggest supports at $0.53–$0.46 and $0.24–$0.20 could trigger strong rebound opportunities.

Long-term targets between $5 and $10 indicate potential 20x upside if accumulation holds and market recovery aligns.

ONDO remains in a corrective structure, trading below previous support levels as investors assess potential accumulation zones. Despite recent weakness, analysts indicate the long-term trajectory may favor substantial recovery if price stabilization occurs at key support areas.

Bearish Breakdown and Current Market Behavior

The ONDO/USDT chart currently shows a clear breakdown from its ascending support structure, confirming a bearish divergence pattern. Price movements have shifted from consolidation into correction, signaling short-term control by sellers. This structure aligns with typical mid-cycle pauses that often reset market sentiment before broader continuation.

The price is currently trading at about $0.6908, down 5.32% per day and 6.15% per week. With over $121 million in 24-hour volume, trading activity is still robust despite the short-term weakness, suggesting continued involvement from both long-term holders and short-term traders. A previous consolidation range where momentum waned prior to the breakdown can be seen by the red rectangular zone on the chart.

Analysts view this current phase as transitional. The bearish structure has reduced upward pressure, but the overall pattern still reflects the potential for reaccumulation. Such phases often occur when assets realign with macro sentiment and liquidity cycles before regaining momentum.

Key Accumulation Zones and Technical Supports

Analyst CryptoPatel noted that ONDO is approaching its first key support zone between $0.53 and $0.46. Historically, these levels have acted as accumulation areas where market participants reposition in anticipation of a recovery. If this zone holds, ONDO may consolidate before resuming upward movement.

Should the first zone fail to stabilize, a deeper retracement could occur toward Support 2, located between $0.24 and $0.20. This secondary level marks a historical base formation that could serve as a strong accumulation region. Market behavior around this area would likely define the next long-term directional move.

The analyst’s chart further indicates a projected recovery path extending into late 2025 and 2026. The curved trajectory suggests a gradual rebound beginning from lower supports, leading into a potential multi-phase rally. This projected rise aligns with typical patterns observed during broader DeFi recovery cycles.

Long-Term Projections and Market Fundamentals

According to long-term forecasts, price targets of $5 and $10 could yield returns that are 20 times greater than those of current or lower entries. These forecasts rely on liquidity inflows, the position of ONDO in the tokenization ecosystem, and general market sentiment. The probability of long-term gains rises significantly if the supports continue to accumulate.

Additional on-chain and ecosystem developments further support this outlook. According to recent commentary ONDO’s infrastructure now powers over 100 tokenized stocks on the BNB Chain, showcasing expanding utility. This integration strengthens ONDO’s relevance in the growing tokenization narrative across digital finance.

From a structural perspective, the prolonged corrective movement may serve to reset overextended momentum before the next bullish phase. As market cycles evolve, strong projects with active adoption often regain investor interest. ONDO’s combination of technical positioning and expanding use cases reinforces its longer-term recovery potential.

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