- ONDO price is consolidating above $0.86, a support tested four times in recent weeks.
- Volume has dropped 26.48% as price action nears a make-or-break range level.
- Holding $0.86 may spark a relief bounce, but a breakdown opens downside toward $0.82–$0.80.
ONDO is trading near a decisive technical threshold as the token once again approaches the $0.86 support zone. With trading volume in decline and market structure compressing, the next reaction at this level could define the mid-term trend.
ONDO at a Pivotal Support Zone
ONDO/USDT is currently priced near $0.8621 on the 12-hour chart, with the $0.86 area proving to be a well-defined support. This horizontal level has held four times in recent weeks, each defense leading to a rebound.
Ali (@ali_charts) recently noted that “$ONDO must hold $0.86 or else,” capturing the importance of this zone. The repeated defenses have helped maintain a sideways range, preventing the token from sliding into a deeper correction.
However, ONDO continues to face rejection between $1.00 and $1.10. Every attempt to push higher has been capped by sellers, resulting in sharp reversals. The inability to establish momentum above these levels reflects weakening bullish strength.
Liquidity and Trading Activity Under Pressure
As of writing, data shows ONDO at $0.8934, reflecting a 1.94% daily gain. The intraday session displayed a dip toward $0.87, followed by a recovery above $0.90 before consolidating below resistance. The price pattern suggests short-term accumulation.
At the same time, liquidity has thinned. Daily trading volume fell 26.48% to $144.8 million, while the Vol/Mkt Cap ratio sits at 5.14%. The decline in activity highlights the fragility of upward movements supported by lower turnover.
Still, underlying market fundamentals appear steady. Total value locked (TVL) is $1.68 billion, with a market cap/TVL ratio of 1.67. Holder count has reached 164,800, reflecting broad distribution and a steady participant base.
Scenarios Shaping ONDO’s Next Move
The immediate focus remains the $0.86 support. A decisive breakdown at this level would end the existing range structure seen since late July.When catalyzed, the token may be pushed to the next support of $0.82 or $0.80 by sellers.
On the other hand, short-term momentum can be re-entered again with a bounce back above $0.90 in case buyers defend again at $0.86. The move could continue to $0.96, but with the stronger test, it is reclaiming its resistance zone at $1.10.
Future supply dynamics also weigh on the outlook. ONDO’s total supply stands at 10 billion, with a fully diluted value of $8.93 billion against a current market cap of $2.82 billion. Upcoming token unlocks could add pressure if demand fails to match inflows.
