ONDO Price Crashes 88% From All-Time Highs, But Analyst Says ‘Last Hope’ Zone Is Here

CaptainAltcoin
ONDO0,83%
SHIB-0,58%

The ONDO price has drifted into a part of the chart that usually gets traders paying attention. After months of downside, the price is now sitting inside a zone that has mattered in the past. This isn’t a quick dip on a short timeframe. It’s a long-term area where the market tends to make real decisions.

Crypto Patel sums it up in a pretty direct way. This level is either where ONDO finds its footing and starts rebuilding, or where the structure finally gives way. There’s not much room left for indecision.

  • How ONDO Ended Up Here
  • Why This ONDO Level Is Getting So Much Attention
  • What a Recovery Might Look Like
  • The Level That Changes Everything

How ONDO Ended Up Here

If you zoom out, the story becomes clearer. The ONDO price peaked near $2.14 after momentum started weakening.

Bearish divergence showed up before the top, which usually hints that buyers are losing control. Once the trend broke, the price didn’t grind lower. It slipped through key levels and entered a deep correction.

One of the most important moments came when ONDO lost the $0.73–$0.80 area. That zone had been holding the price up during the prior move. When it broke and then failed to flip back into support, the tone changed. Every bounce into that area started getting sold.

From there, the ONDO price kept working lower until it reached the current range between roughly $0.32 and $0.20.

Why This ONDO Level Is Getting So Much Attention

This lower zone isn’t just a random support box. It lines up with a higher-timeframe demand area where buyers stepped in aggressively previously. On Crypto Patel’s chart, it also overlaps with bullish order flow, which is where selling pressure slowed and reactions became sharper.

Source: X/@CryptoPatel

At this point, ONDO is down close to 88% from its high. Moves like that tend to clear out most short-term speculation. When price gets this stretched, sellers often lose urgency, even if the chart still looks weak. That’s usually when the groundwork for a base starts forming.

As long as the ONDO price holds above $0.20 on a weekly close, the bigger structure is still technically intact.

Shiba Inu Price Prediction: How High Can SHIB Go by the End of 2026?_**

What a Recovery Might Look Like

If this demand zone holds, the first upside tests would likely target the $0.70 and $1.00 areas. Those levels line up with prior reactions and old structure. Clearing them wouldn’t erase the downtrend overnight, but it would show that accumulation is turning into real buying.

Looking further out, Crypto Patel points to $2 and even the $5–$10 range as possible expansion zones if supply unlocks are absorbed and the RWA narrative finds its footing through 2026. Those levels assume patience and confirmation, not a straight-line move.

The Level That Changes Everything

For all the upside talk, the downside line is simple. A sustained weekly close below $0.20 would weaken the entire demand thesis. In that case, the ONDO price would likely need more time before any serious recovery attempt.

For now, ONDO is sitting right where markets tend to go quiet. These are the zones where price either rolls over completely or starts laying the foundation for something much bigger.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitmine Chairman Tom Lee: The cryptocurrency winter may end before April.

Bitmine Chairman Tom Lee said that the current crypto market may have already bottomed out and that the decline could end before 2026. He pointed to the correlation between Ethereum and the S&P 500’s drop, and noted that long-term holders are maintaining their positions, suggesting the market may be entering an accumulation phase. Bitmine has recently increased its holdings by more than 65,000 ETH.

GateNews17m ago

Here’s How High Silver Price Could Go This Week

Silver has been anything but calm lately. The silver price ran up to around $121 in January, then dropped fast in early February.  Since then, March has been all about trying to settle down. Most of the time, price has just been moving between $80 and $95, jumping up and down as traders

CaptainAltcoin30m ago

Analyst: The key resistance level for Bitcoin is $72,500, which may continue to face pressure in the coming months.

CryptoQuant analyst Darkfost stated that Bitcoin's failure to return to the realized price of $72,500, excluding long-term inactive supply, may face continued downward pressure, having historically remained below this level for 6 to 10 months during bear markets.

BlockBeatNews39m ago

Bitcoin Faces Extended Weakness Below Key Cost Basis

Bitcoin struggles below the key $72.5K realized price, indicating resistance and consistent selling pressure. Recent price action highlights weak recovery signs with potential further declines if support at $66K fails.

CryptoFrontNews46m ago
Comment
0/400
No comments