Ondo (ONDO) Slides Towards Key Support — Will This Pattern Trigger a Bullish Rebound?

Key Takeaways:

• Ondo (ONDO) is trading near a critical support zone around $0.32 after a sharp market-wide sell-off.
• The daily chart shows a right-angled descending broadening wedge, a pattern often linked to potential bullish reversals.
• Buyers are defending the lower wedge boundary, suggesting selling pressure may be weakening.
• The 100-day moving average near $0.53 remains a major resistance that must be reclaimed for trend reversal confirmation.
• A successful rebound could open the door for a recovery toward the $1.10–$1.17 resistance zone, while a breakdown below $0.32 would invalidate the bullish setup.

The real-world asset (RWA) token Ondo (ONDO) is trading under pressure near $0.35, extending its short-term downtrend amid a broader crypto market sell-off. The latest wave of weakness follows escalating US–EU trade tensions, which sparked over $851 million in long liquidations, dragging major assets like Bitcoin (BTC) and Ethereum (ETH) down by roughly 2.5% and 4.5%, respectively, over the past 24 hours.

ONDO itself is down 5.98% at the time of writing. However, despite the bearish momentum, the daily chart suggests price is approaching a technically important zone where a potential rebound setup could begin to form.

Right-Angled Descending Broadening Wedge in Focus

From a technical perspective, Ondo’s daily chart is carving out a right-angled descending broadening wedge, a pattern that often appears during extended corrective phases and can precede bullish reversals if support holds.

This structure has been developing since ONDO’s rejection from the neckline resistance zone around $1.00–$1.17 back in September 2025. Since then, price has continued to print lower highs while gradually expanding volatility, pushing ONDO down toward the lower boundary of the wedge near $0.32.

Notably, selling pressure appears to be easing near this zone. Buyers have stepped in to defend the level, with ONDO currently hovering slightly above it around $0.348 — a sign that demand may be emerging after weeks of sustained downside.

While the lower wedge support is holding for now, upside momentum remains constrained. The 100-day moving average, currently positioned near $0.53, has flipped into strong overhead resistance. Each prior rally attempt has stalled below this level, reinforcing its importance as a confirmation point for any meaningful trend reversal.

Until ONDO can reclaim this moving average, any bounce should be viewed as a relief rally within a broader consolidation, rather than a confirmed rebound.

What’s Next for ONDO?

As long as ONDO continues to defend the $0.32 support zone, the right-angled descending broadening wedge remains technically valid. Sustained holding above this level keeps the door open for a rebound attempt, particularly if price begins forming higher daily or weekly closes.

A successful reclaim of the 50-day moving average, followed by a breakout above the 100-day MA, would mark a clear shift in momentum. If that scenario unfolds, ONDO could gradually work its way back toward the upper boundary of the wedge, which currently aligns near the $1.10–$1.17 region — a level that would represent a significant recovery from current prices.

On the flip side, a decisive breakdown below $0.32 would invalidate the bullish wedge structure and likely expose ONDO to another leg of downside or prolonged consolidation.

Bottom Line

Ondo is currently sitting at a critical technical crossroads. While broader market sentiment remains fragile, the chart suggests ONDO is testing a zone where seller exhaustion could give way to a bounce. The next few sessions will be crucial. How price reacts around the lower wedge support will likely determine whether ONDO can stage a meaningful rebound — or whether bears retain control for longer.