Ondo crypto dips 7% toward $0.30 demand zone amid bearish signals and range-bound trading.

Ondo crypto fell 7% over the past week, retreating from a potential breakout at $0.42 to test the $0.30 demand zone. This decline was accompanied by reduced Open Interest and negative funding rates, signaling bearish market dominance. The price has been range-bound between $0.305 and $0.42 since June, with traders watching the $0.305-$0.320 zone for potential buying opportunities. However, a break below $0.30 could lead to further downside, prompting traders to consider a bearish stance.