ONDO price drops 12.48% amid weak market demand and falling trading volume

ONDO's price fell 12.48% as trading volume dropped 30.71% to $340.5 million, reflecting weak market demand amid a broader sell-off. Institutional interest remains, but buyers are hesitant, leading to declining open interest and dominant seller order flow. Technical indicators show bearish trends, with ONDO struggling to hold the $0.3400 support level. If this support fails, a deeper correction is likely, but holding it could lead to a recovery attempt toward resistance at $0.4514.