#TechnicalAnalysis

Why ONDO Finance’s 22% rebound doesn’t confirm a trend reversal yet

Ondo Finance's ONDO token experienced a significant price fluctuation, plunging 24.59% from $0.452 to $0.341 in late May, followed by a 22.6% rebound over four days, with an 18% gain in the last 24 hours. This resurgence originated from a technically important $0.33 support level and has cleared short-term resistance at $0.396, pushing the OBV and RSI higher. Despite this bullish momentum, the token remains considerably below its December 2024 all-time high of $2.14 and has not yet breached the $0.47 lower high from January 2026 or the $0.60-$0.70 former demand zone. Consequently, this recent price action does not confirm a long-term trend reversal for ONDO. For the RWA market, this highlights the inherent volatility and technical trading considerations for tokens associated with real-world asset tokenization protocols, even amidst broader market movements.

ambcrypto.com·Jun 5