ONDO price faces trendline resistance near $0.3700, with weakening momentum raising risks of a deeper pullback.
Ondo (ONDO) trades near $0.3700, struggling to break above a resistance trendline as bullish momentum fades. The token remains in a corrective phase despite steady retail demand tied to asset tokenization trends.
Recent price action shows repeated rejections at the trendline, signaling potential downside risks. ONDO’s correlation with real-world asset tokenization has supported demand, but technical indicators suggest a steeper correction may be underway.
No immediate market reaction data was provided, though traders may monitor support levels for further declines.