What to know:
- ONDO has declined approximately 90.58% from its all-time high before rebounding from a major demand zone.
- Crypto Patel believes the token has entered a macro re-accumulation phase after a 118% recovery from its lows.
- Key resistance levels include $0.55, $0.80, $1.20, $2, $5, and $10, while $0.17 remains the invalidation level.
- The expanding real-world asset (RWA) tokenization sector continues to provide long-term fundamental context for ONDO.
ONDO has returned to the spotlight after crypto analyst Crypto Patel shared a long-term technical outlook suggesting the token may have completed a major accumulation phase.
After declining more than 90% from its all-time high, the analyst argues that ONDO’s current price structure resembles a potential macro reversal, though confirmation will depend on key resistance levels being reclaimed in the coming months.
ONDO Completes 90% Correction from All-Time High
According to Crypto Patel, ONDO has fallen approximately 90.58% from its all-time high of around $2.14, reaching a demand zone between $0.18 and $0.23 before rebounding. The analyst believes this area represents the origin of the token’s previous rally and may now serve as a long-term accumulation range.
In his analysis, Patel wrote, “Bullish Order Flow Confirmed: Accumulation Zone Filled.” He also noted that the RWA token has already produced its first recovery leg, rising more than 118% from the lows. However, he emphasized that the outlook is based solely on technical analysis and should not be interpreted as financial advice.
Also Read: ONDO Could Climb 462% As Technical Setup and RWA Growth Align
Technical Structure Suggests Recovery Needs More Confirmation
The weekly chart highlights several important technical developments. Crypto Patel identified a bearish divergence near the previous market top, followed by a breakdown below a long-term ascending trendline and a successful retest around the $0.75-$0.80 resistance area, where former support turned into resistance.
Despite the recent rebound, the analyst believes that the RWA token must reclaim higher price levels before a macro trend reversal can be confirmed. His projected roadmap includes resistance targets at $0.55, $0.80, $1.20, $2, $5, and $10, while identifying a weekly close below $0.17 as the invalidation point for the bullish thesis.
RWA Narrative Continues to Support ONDO’s Long-Term Story
Beyond chart patterns, ONDO remains closely linked to the expanding real-world asset (RWA) tokenization sector. The protocol focuses on bringing tokenized financial products on-chain, an area that has attracted increasing attention from traditional financial institutions exploring blockchain-based securities and tokenized funds.
The broader RWA market has gained momentum as firms such as BlackRock, Franklin Templeton, and other major asset managers continue expanding tokenized investment products. While these developments do not guarantee price appreciation for ONDO, growing institutional interest provides additional context for why investors continue monitoring the project.
Investors Watch Whether ONDO Can Reclaim Key Resistance
The next phase for ONDO will likely depend on whether buying demand remains strong enough to push the token above major resistance levels. A sustained move above $0.80 could strengthen the bullish technical outlook presented by Crypto Patel, while failure to hold recent gains may lead to further consolidation.
Investors should also recognize that the analyst’s projections toward $5 and $10 represent long-term cycle targets rather than short-term price expectations. As with all technical analysis, future price action will ultimately depend on market conditions, liquidity, and continued adoption of tokenized real-world assets
Also Read: ONDO Price Holds Breakout Zone as Traders Eye $0.363 Target
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