ONDO price is currently trading near $0.41, down about 0.6% on the day, extending a broader downtrend that has pushed the Ondo Finance token price lower over recent weeks. The pullback comes despite ondo finance TVL climbing to $1.9 billion, suggesting a growing disconnect between protocol growth and market sentiment.
ONDO Finance Price Is Moving Sideways to Lower
Short-term structure for ONDO Coin remains weak. TradingView’s daily indicators show a “strong sell” consensus, with 16 sell signals, 9 neutral, and just 1 buy across oscillators and moving averages. Momentum indicators show limited recovery, as RSI nears 32 points to subdued buying interest, while a negative MACD maintains bearish trend control.
ONDO Finance remains below its 50-, 100-, and 200-day EMAs, with the full moving-average stack sitting far above the current price. This alignment keeps downside pressure intact and limits upside follow-through for the Ondo Finance Coin unless structure changes.
On the higher timeframe, market analyst The Moon Show noted that ONDO Coin has printed 11 consecutive weeks of lower candles, with price now pressing into the macro range point of control, described as the “last major support” on the chart. This aligns with the ongoing compression seen on daily timeframes.
Another analyst, @Umairorkz, described current price action as a “decision zone,” noting that ONDO is sitting inside a defined range. According to his analysis, the structure remains bullish on a confirmed close above $0.45, while a failure keeps price vulnerable to continued chop or further downside.
Protocol Growth Continues Despite Bearish Charts
Despite this technical pressure, fundamentals continue to expand. Ondo Finance plans to bring its Ondo Global Markets platform to Solana, offering over 100 tokenized U.S. stocks and ETFs, each backed 1:1 by regulated custodians and priced via Chainlink oracles.
The platform already holds $365 million in tokenized assets, contributing to Ondo Finance TVL of $1.9 billion, following recent expansion and SEC clearance without charges.
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