Ondo / Tether
Long

Breaking: $ONDO Tanks 13% Today- What Next?

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Standing as a beacon in the realm of decentralized finance Ondo (ONDO) aiming to democratize access to institutional-grade financial services. Founded in 2022 and based in the Cayman Islands, Ondo operates through a unique ecosystem that bridges traditional finance with blockchain technology. The Ondo Foundation collaborates closely with Ondo Finance, its commercial partner, to support decentralized protocols and the tokenization of real-world assets.

Earlier today, the native token ONDO tanked 13% placing the coin on the cusp of a selling spree. However, ONDO faded a breakdown in the $0.866 pivot- a pivot that turned out to be the support point. If Selling pressure should increase, a break below the $0.866 point for ONDO would pose a serious threat for ONDO as the RSI is already weak at 41.82.

As indicated by the chart, a break above the $1.27 pivot could send ONDO on a bullish voyage with a breakout above the 1-month high as confirmation.

Ondo Price Live Data
The live Ondo price today is $0.973556 USD with a 24-hour trading volume of $462,035,194 USD. Ondo is down 13.67% in the last 24 hours, with a live market cap of $3,075,569,399 USD. It has a circulating supply of 3,159,107,529 ONDO coins and the max. supply is not available.

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