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Home/News Feed/Ondo price drops 4.78% with bearish outlook despite recent 12% weekly rally

ONDO

Rp6,619

+Rp886 +15.45%

Ondo price drops 4.78% with bearish outlook despite recent 12% weekly rally

Technical Signals

14 May 2026

AMBCrypto

View Source

Bearish

Ondo (ONDO) experienced an 8.93% decline in Open Interest and a 4.78% price drop recently, signaling speculators are exiting the market. Although it rallied 12% over the past week, the price failed to sustain above the $0.47 local high, confirming a bearish trend. Technical analysis and on-chain data suggest further downside toward $0.26, with resistance around $0.42-$0.47. Investors should watch for a break above $0.42 to invalidate the bearish setup, but current indicators favor continued price weakness.

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