The ONDO token price is under pressure, yet interest remains, particularly from traders watching the tokenization and real asset sectors.
Current ONDO Price Situation
The current price of ONDO is around $0.66, down from highs of $2.50 earlier this year. Interesse is focused on how the token will act in its attempt to recover above the $1 mark.
Oversold Indicators and Bounce Potential
Indicators suggest ONDO may be oversold, with the Stochastic RSI in deep territory and RSI near 30. However, low trading volume raises questions about the sustainability of any bounce.
Future Outlook and Possible Scenarios for ONDO
Should ONDO reclaim $0.83 and push back towards $1.00, it could signal a trend reversal and realistic targets like $1.25. However, this will require community support and increased interest in tokenization.
The price dynamics of ONDO remain in focus, with traders advised to watch key support and resistance levels to inform their decisions.
