Ondo (ONDO), which has been crashing since last October, has finally gained some momentum rising above the 100-day moving average. The token crossed this major hurdle a few days after announcing a partnership with global fintech leader Broadridge Financial Solutions.
ONDO loses two-thirds of its price in six months
Ondo Finance is a blockchain-based platform focused on tokenizing real-world assets, and its token, ONDO, has been crashing for quite some time. As shown in the chart below, the token has been crashing for about six months straight. From recording values around $0.90 during the last quarter of 2025, the token is now priced at $0.27, which is nearly a third of the price at the last quarter level.
As it may appear from the charts, ONDO prices seem to be falling heavily for six months without respite. In reality, however, this dramatic decline in value has started losing its momentum over the last couple of months.
The change marks an exhaustion of a sell-off, when all the weak players get forced out and price stabilizes, finding its demand range. At that point, the pattern stops generating new lower lows as it starts to move sideways, which means that there are some buyers coming in to accumulate this asset.
As soon as the market psychology changes, those who decided to cash out at the bottom stop rushing back, expecting even more declines. The patience, on the other hand, pays off, as the investors buy up more stock in anticipation of price rises.
The consolidation pattern, by definition, implies reduced trading activity and low volume, lower volatility, and price compression. All of these conditions create what can be viewed as a stored energy of sorts for the following move.
Eventually, as the accumulated demand overtakes the supply in a certain range, a break upwards occurs, which triggers a buying spree for the traders involved. It means that short sellers squeeze
ONDO crosses above the major resistance level (100-day MA)
Now that ONDO has crossed above the 100-day moving average, it is important for the buyer to keep pushing prices higher or at least sustain them above this level. Sellers typically attempt to obstruct further upside by creating repeated rejections around this moving average, turning it into a psychological ceiling again.
They may place large sell orders in that zone, causing the price to wick above the level but close back below it, forming what traders often interpret as a “fake breakout.”
From a psychological standpoint, sellers rely heavily on hesitation. If buyers fail to follow through with strong volume and conviction, doubt creeps in, and momentum stalls. This gives sellers the upper hand to gradually regain control.
ONDO’s price recovery comes at a time when Ondo Finance announced a partnership with global fintech leader Broadridge Financial Solutions that, for the first time, enables holders of third-party tokenized stocks and ETFs to participate in proxy voting.
Zooming in on ONDO’s price action during the past two months, it could be observed that it is forming the symmetrical triangle pattern. A symmetrical triangle is a chart pattern that forms when price starts tightening between two converging trendlines—one sloping downward (lower highs) and the other sloping upward (higher lows). It reflects a period of indecision in the market where neither buyers nor sellers are fully in control.
As the pattern develops, volatility gradually shrinks. Each rally becomes weaker, and each dip becomes shallower, showing that both sides are losing strength. This “compression” is important because it builds up energy in the market, similar to a coiled spring. Since ONDO is forming the apex of the triangle, it will continue to fluctuate for time before breaking out and rising upwards and reaching a price above $0.30.