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Ondo Finance plunges over 12% amid West Asia tensions and founder's death, risking further decline.

Technical Signals
28 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Ondo Finance (ONDO) dropped 12.62% following escalating tensions in West Asia and the recent death of its founder, pushing its price below the 200-day EMA to around $0.34. If it falls below this level, ONDO could see another 12% decline to $0.29. Market indicators show a bearish trend with traders favoring short positions and increased asset flow to exchanges, signaling potential sell-offs. The situation highlights heightened market uncertainty and risk for ONDO investors.

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