Prices have slipped sharply, but trading activity has exploded. Now, ONDO finds itself at a critical point, with bulls and bears circling like hawks.
The ONDO token isn’t just dipping—it’s wobbling on a razor’s edge. After tanking more than 12% this week and over 53% in six months, the token now trades near $0.78, a spot that’s historically triggered strong rebounds. But this time feels different. Momentum is shaky, resistance is stiff, and the market mood? Shaky at best.
Despite a small intraday pop of +1.10%, the broader structure looks pretty beat up. And with $141 million in daily trading volume flying in—an 82% surge—speculators are sniffing out either the bottom… or more blood.
Buyers and Sellers Are in a Standoff Around $0.78
There’s no hiding the fact: ONDO’s chart is looking fragile.
Sjuul, a well-followed technical analyst on Crypto Twitter, flagged a persistent pattern of lower highs and lower lows. This is classic bear market behavior. He sees the token trapped in a descending wedge, unable to punch through key levels like $1.00, and now coiling near support—right where things either reverse or break.
Just as notable is Alpha Crypto Signal’s take. They’ve been tracking this $0.76–$0.78 support zone for months, and every time ONDO has brushed it, the coin has snapped back. But they also acknowledge something different this time—volume spikes, heavy selloffs, and a structure that’s been eroding for weeks.
Their consensus? It’s crunch time.
So, What Are the Charts Actually Saying?
Zoom in, and you’ll see ONDO peaked at $0.8382 just a day ago, on June 5. That move looked bullish for a moment—until it wasn’t. The rejection from that local top brought the token back to earth fast, erasing the gains and re-testing support.
Short-term forecasts are now completely split:
-
If ONDO holds above $0.76, it could bounce fast toward $0.90.
-
A strong close above $1.00 could spark a larger rally toward $1.15–$1.20.
-
A breakdown below $0.76, especially with volume, could drag prices toward $0.65—or worse.
Basically, this is a make-or-break zone. Traders who go long here need tight stop-losses. Shorts are watching like hawks for any cracks below that line.
Volume Is Up, But So Is Uncertainty
Here’s where things get weird.
Despite the falling price, trading volume on ONDO jumped over 82% in just 24 hours. That’s not typical for a sleepy drop. It signals something bigger: either a bunch of investors are panic selling, or a new wave of buyers is quietly loading up.
Daily Volume Data (as of June 6, 2025):
| Metric | Value |
|---|---|
| 24h Volume | $141.26 million |
| Volume Change (24h) | +82% |
| ONDO Price | $0.784 |
| Weekly Price Change | –12.81% |
| 6-Month Price Change | –53.4% |
Either way, someone’s making a big move.
Resistance at $1.00 Is a Monster Wall
The $1.00 mark is like an electric fence for ONDO.
Every time price gets near it, rejection slams it back. It happened in mid-May, late May, and again this week. That level has become a psychological barrier, with sellers firmly camped out, waiting.
Some short-term scalpers are targeting it as their exit if the bounce holds. But anyone eyeing a longer recovery needs a clean break above that line.
Until then, it’s just another ceiling ONDO can’t seem to break.
Market Split: Bulls Want a Rebound, Bears Want a Breakdown
The community is nervous—and opinions are flying all over the place.
Some bullish traders are betting this is just another retest of long-standing support, and history will repeat. Others are bracing for a freefall. What makes this moment so tricky is that both outcomes are entirely possible.
Risk is sky-high here, but so is the potential payoff.
-
Bulls see $0.76–$0.78 as a strong accumulation zone.
-
Bears are eyeing a break below $0.76 as a trigger for more downside.
-
Neutral traders? Mostly watching and waiting.
And honestly, that’s probably the smartest move right now.
