Key points
- ONDO fell 10% over the past 24 hours and briefly dipped below the $0.40 support level
- The coin could retest lower support as the price action remains bearish
ONDO recovers after dropping below $0.40
ONDO is among the worst-performing cryptocurrencies within the top 100 by market capitalization, having lost 10% in the past 24 hours. At the time of writing, ONDO trades at $0.41, a slight rebound after briefly falling below the $0.40 level.
The decline comes despite Ondo Finance announcing on Monday plans to integrate with Solana (SOL) in early 2026 to expand its tokenized equity and exchange-traded fund (ETF) platform.
According to an X post, Ondo intends to bring ETFs to the Solana network. Although the announcement points to long-term growth potential for ONDO, the token underperformed over the recent 24-hour period.
It’s coming
The largest platform for tokenized equity and ETFs is coming to @Solana in early 2026
Wall Street liquidity meets internet capital markets
— Ondo Finance (@OndoFinance) December 15, 2025
The integration is intended to improve scalability, liquidity, and access to Solana’s rapidly growing user base, broadening Ondo’s ecosystem and adoption.
The bearish performance also aligns with declining open interest for ONDO on Binance, which currently stands at $22.32 million—near its 2025 lows. Falling open interest signals that traders are closing positions and speculative interest is waning.
ONDO could retest $0.34 as bears remain in control
The 4-hour ONDO/USD chart shows a bearish and underperforming pattern as Ondo lost 10% in the last 24 hours.
The coin faced rejection at the $0.52 resistance last week and has dropped about 16% since. If the downtrend continues, ONDO could retest support at $0.34 in the near term.
The October 10 low at $0.24 could serve as a stronger support level over the coming weeks or months if selling pressure persists.
The 4-hour Relative Strength Index (RSI) sits around 32 and is pointing toward oversold conditions, indicating strong bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, reinforcing the negative trend bias.
However, if bullish sentiment returns, ONDO could rebound toward the $0.52 resistance level again.