Ondo Finance (ONDO) is seen with increasing pressure as it has broken support and given up a crucial technical level, losing support in the process. The stock has seen increasing pressure after losing support and breaking the technical level, and it is likely to continue its decline towards further support levels in the coming days.
At the time of writing, ONDO is trading at $0.2509, with a 24-hour trading volume of $67.48 million and a market capitalization of $1.21 billion, according to data from CoinMarketCap. The token has fallen 5.25% over the last 24 hours, reflecting the expansion of bearish pressure across its broader chart structure.
ONDO Slips Below $0.26 Demand Zone
On February 23, 2026, a crypto market analyst, CryptoPulse, stated that the ONDO cryptocurrency had lost its channel support following a breakout below a broadening wedge formation. Currently, the cryptocurrency is trading below the $0.26 price level, which had served as a key demand zone.
Based on the technical assessment, there is a possibility that this breakdown could open the doors for more downside, with targets at $0.22-$0.23 if selling pressure persists.
ONDO Slides as Bearish Momentum Accelerates
ONDO is trading near $0.2509, having lost more than 5% during the week. The RSI is 27.81, which is lower than the 30.43 signal line, indicating that the asset is oversold, suggesting strong selling pressure. Being oversold means that a pullback is likely, although there is no price action that supports this.
The token is still significantly below its moving average ribbon, which further reiterates the bearish trend. The 20-day SMA is at $0.4457, the 50-day SMA is at $0.7177, and the 100-day SMA is at $0.8698. ONDO is still significantly below these resistance levels.
Momentum indicators also support the negative view. MACD is at -0.1509, with a signal at -0.1440, and a histogram at -0.0068, which is still in negative territory with no sign of divergence or a reversal signal.
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Ondo Finance (ONDO) Faces Extended Pullback
Unless the $0.26 level is reclaimed by Ondo Finance and re-established as a level of support, the chances of a protracted pullback towards lower price zones will persist. Investors are closely tracking the volume trends and overall DeFi market sentiment.
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