ONDO Price Holds $0.93 Despite Mixed Technical Signals and Whale Accumulation

Quick Take

• ONDO currently trading at $0.93 (+0.11% in 24h)
• Whale accumulation providing price support during market correction
• Mixed technical signals with ONDO RSI in neutral territory at 48.62

What’s Driving Ondo Price Today?

The ONDO price has demonstrated remarkable resilience this week, primarily driven by significant whale accumulation that occurred on September 2nd. This large investor purchase provided crucial support as broader cryptocurrency markets experienced correction pressure, allowing ONDO to maintain stability and even post minor gains while many altcoins declined.

However, recent technical analysis from September 2nd revealed concerning short-term headwinds for ONDO/USDT trading. Despite bullish analyst predictions for explosive August growth, the token faced downward pressure from bearish momentum indicators, resulting in a 1.90% daily decline to $0.92 at that time. The current recovery to $0.93 suggests the whale support has helped stabilize the token.

The broader context shows ONDO has been in a consolidation phase after retreating from highs above $2.00 earlier in 2025. The token settled into the $0.70-$0.90 range by Q2 2025, reflecting typical profit-taking behavior and a cooldown from the initial Real World Asset (RWA) euphoria that drove its earlier surge.

ONDO Technical Analysis: Neutral Signals Emerge

The current Ondo technical analysis presents a mixed picture with neither strongly bullish nor bearish signals dominating. ONDO RSI sits at 48.62, placing it firmly in neutral territory and suggesting the token lacks strong directional momentum in either direction.

ONDO’s moving averages tell a story of recent weakness, with the token trading below most key levels. The current price of $0.93 sits just above the 7-day SMA of $0.92 but remains below the 20-day SMA at $0.94 and the 50-day SMA at $0.98. This positioning indicates short-term consolidation with medium-term bearish pressure.

The MACD indicators show bearish momentum for ONDO, with the MACD line at -0.0138 below the signal line at -0.0131, creating a negative histogram of -0.0006. This suggests downward momentum may continue in the near term unless buying pressure increases significantly.

ONDO’s Bollinger Bands provide additional context, with the token trading at a %B position of 0.4589, indicating it’s below the middle band but not approaching oversold conditions. The bands span from $0.86 to $1.01, showing the current trading range and potential breakout levels.

Ondo Price Levels: Key Support and Resistance

Based on Binance spot market data, several critical Ondo support levels emerge that traders should monitor closely. The immediate ONDO support sits at $0.86, which aligns with the lower Bollinger Band and represents the first major test for bulls if selling pressure increases.

Below that level, Ondo strong support awaits at $0.84, which has historically provided significant buying interest. This level becomes crucial if the recent whale accumulation fails to sustain current price levels and broader market weakness continues.

On the upside, ONDO resistance levels present clear targets for any bullish breakout attempts. The immediate ONDO resistance stands at $1.04, representing the upper Bollinger Band area where sellers have previously emerged. Breaking above this level would signal a return to more bullish sentiment.

The Ondo strong resistance at $1.17 remains the key level to watch for any sustained upward movement. This level sits near the 52-week high of $1.14 and represents where significant profit-taking occurred during ONDO’s previous rally attempts.

Should You Buy ONDO Now? Risk-Reward Analysis

The current ONDO price setup presents different opportunities depending on your trading style and risk tolerance. For conservative investors, the recent whale accumulation provides some confidence, but the mixed technical signals suggest waiting for clearer directional momentum before entering positions.

Swing traders might consider the current level attractive given the proximity to key Ondo support levels at $0.86. A position with a stop-loss below $0.84 offers a reasonable risk-reward ratio, especially if ONDO can reclaim the $0.94 level and move toward the $1.04 resistance.

Day traders should focus on the tight trading range between $0.90 and $0.94, using the pivot point at $0.92 as a guide for directional bias. The 24-hour volume of $18.25 million on Binance spot provides adequate liquidity for active trading strategies.

Risk management remains crucial given ONDO’s daily ATR of $0.06, indicating moderate volatility that could work for or against positions. The neutral RSI reading suggests the token could move in either direction based on broader market sentiment and any new fundamental developments.

Conclusion

The ONDO price currently sits at a critical juncture, supported by recent whale accumulation but facing technical headwinds that could pressure the token lower. The next 24-48 hours will likely determine whether the $0.93 level holds as a new base for potential upward movement or if sellers push the token toward the $0.86 support zone. Traders should monitor volume patterns and broader cryptocurrency market sentiment closely, as these factors will likely drive ONDO’s next significant move in either direction.

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