Foreign media outlets believe that Ondo Finance's token, ONDO, has rebounded significantly after a sharp drop at the end of May, but this rise is not enough to confirm a trend reversal. Short-term buying has recovered somewhat, but the larger downward structure remains intact.
Rebound after sharp drop at the end of May
In late May, ONDO fell from $0.452 to $0.341 in less than six days, a drop of approximately 24.6%. Over the next four days, the token price rebounded by about 22.6%. As of press time, the 24-hour increase is approximately 18%.
The $0.33 support level remains valid.
The article points out that since May, the $0.33 level has repeatedly found support from buying, which is the basis for this rebound. Meanwhile, ONDO has regained its position above the midpoint of its trading range around $0.396, indicating improved short-term momentum.
However, looking at a longer timeframe, ONDO is still significantly below its all-time high of $2.14 reached in December 2024. Even if Bitcoin hits a new high in 2025, most altcoins will not follow suit, and ONDO will be among them.
$0.47 remains a key level to watch.
The article argues that the more important focus now is not the magnitude of the short-term rebound, but whether the key resistance level can be reclaimed. The previous decline in October 2025 pushed ONDO back below the original demand zone of $0.60 to $0.70, and the recent rebound has not yet reached this area.
Furthermore, ONDO has not yet broken through the $0.47 high reached during the rebound in January 2026. This means that the downtrend on the weekly and daily charts still exists.
Still in the $0.33 to $0.45 range
The article states that since the second week of May, ONDO has been trading roughly within a range of $0.33 to $0.45. Although the price has returned to above the middle of the range, the entire trading range has not been effectively broken.
According to the article, if the price can regain the $0.47 level, market sentiment may improve further; if it continues to break through the $0.60 to $0.70 range, it will be closer to a medium-term recovery signal.
Prior to this, this round of gains appeared more like a correction after a decline than a clear new upward trend. The overall assessment of the article is that ONDO's short-term performance has improved, but evidence of a trend reversal remains insufficient.
