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The Ondo price slid 2% in the last 24 hours to trade at $0.8326 as of 1:29 a.m. EST on trading volume that plunged 13% to $79.5 million.
Ondo Price Currently Bearish, Could Break Down
The ONDO price on the daily chart reveals a clear descending triangle pattern, which suggests a bearish continuation.
This pattern has been forming since late January 2025, with multiple lower highs, indicating persistent selling pressure.
ONDO peaked in early January near $2.13, followed by a series of lower highs and relatively equal lows, confirming the bearish structure.
The Ondo price currently sits just above the horizontal support line at around $0.8326, a level it has tested multiple times (notably near points B and D), increasing the likelihood of a breakdown if selling momentum increases, as GeckoTerminal data shows.
Meanwhile, the 50-day and 200-day Simple Moving Average (SMA) are currently at $0.9244 and $1.1490, respectively, confirming that the overall long-term trend remains bearish.
The Relative Strength Index is hovering at 38.74, which is below the neutral 50 level but not yet in oversold territory.
ONDO is currently trading below the 0.786 Fibonacci level ($0.9320). This is generally considered a deep retracement and hints at possible exhaustion in the bullish move that started in late 2024.
ONDO Price Prediction
Given the coming together of the descending triangle, the location of key moving averages, and the weak RSI, the bias leans bearish in the near term.
A confirmed daily close below the horizontal support at $0.83 could trigger a breakdown, with a potential downside target near $0.70 or even a retest of the $0.60 region, the previous swing low. However, if the ONDO price manages to hold this key support and break above the triangle resistance and the 50-day SMA near $0.93, it could signal a reversal.
In such a case, the first resistance to watch would be the $1.18 region (Fibonacci 0.618), followed by $1.36 and $1.54 if momentum continues.
In the meantime, investors are rushing to buy Best Wallet (BEST), which a popular YouTube channel, 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
Best Wallet Rockets Past $13 Million – Next 100X Crypto?
Best Wallet is quickly establishing itself as a top-tier DeFi wallet, offering a sleek, user-friendly experience that appeals to both crypto newcomers and seasoned investors.
With a massive and rapidly growing user base, it’s becoming the preferred choice in the decentralized finance ecosystem.
Still in its early stages of presale, the project has already raised over $13.1 million and is quickly hurtling towards $14 million.
So why should you invest in Best Wallet?
With Best Wallet, you can securely store over 1,000 crypto coins, seamlessly stake assets from different blockchain networks, and swap tokens using its integrated DEX, which supports cross-chain trading.
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Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:
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Its ecosystem is designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space. It is powered by its native token called BEST.
One standout feature catching investors’ eye is the “Upcoming Tokens” section. This tool helps users identify and invest in promising early-stage crypto projects.
For instance, it flagged high-performing meme coins such as Pepe Unchained (PEPU) and Catslap (SLAP) , which delivered massive gains to investors.
Additionally, investors can stake BEST tokens for a generous 108% annual return. Currently, you can buy BEST tokens for $0.025135.
If you’re interested, you can purchase the Best token now and join the early investors. But buy fast, as a price increase is coming in 35 hours.
Check out BEST on its official website.
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