ONDO is entering a highly compressed phase as traders watch for a potential breakout, while weak momentum and reduced market activity keep the short-term outlook cautious. Meanwhile, Ondo Finance’s Australian expansion could strengthen its real-world asset strategy, broaden global market reach, and support longer-term investor interest.
ONDO Price Enters a Highly Compressed Phase
ONDO is showing intense price compression as its trading range continues to narrow, leaving limited room for further consolidation. This increasingly tight structure suggests that volatility could expand soon, with traders watching for a decisive move above resistance.
According to the crypto analyst Jesse Olson, a confirmed breakout could strengthen bullish momentum and potentially open the path toward $0.60.
Source: Jesse Olson’s X Post
The latest technical outlook suggests ONDO is approaching a critical point where buyers could attempt to seize control after the extended period of sideways movement.
If resistance is broken with strong volume and sustained demand, the token could accelerate higher toward the $0.60 target highlighted by the analyst. However, this remains a projection.
Also Read: ONDO Price Targets $0.50 as Tokenized Asset Growth Supports Breakout Case
ONDO Price Shows 200-Day EMA Resistance
The current setup follows a decline from ONDO’s September 7 local peak near $0.3950. The sell-off pushed the token below its 20, 50, 100, and 200 exponential moving averages, weakening the short-term trend.
ONDO has since attempted to recover, but repeated resistance around key moving averages continues to limit bullish momentum for now as well.
Source: TradingView
On the four-hour chart, the 200 EMA has emerged as an important barrier near $0.3585. ONDO’s recovery toward this level was rejected, sending the price back toward approximately $0.3427.
A sustained move above the 200 EMA could offer an early signal of improving market structure, while another rejection would reinforce bearish pressure today.
RSI Keeps ONDO Momentum Under Pressure
Momentum indicators currently provide little confirmation of a bullish reversal. The RSI Divergence Indicator flashed a bearish signal near the September high before the sell-off intensified.
A smaller bullish signal appeared around September 13, helping support a rebound. However, ONDO’s latest RSI reading of 40.39 remains below the neutral 50 threshold overall.
The low level of RSI indicates that the buyers still lack the necessary power to build a sustainable bullish trend. To see a marked improvement in the technical picture, ONDO will probably need to return back to the neutral levels of RSI and at the same time break above the resistance at the 200 EMA level.
ONDO Derivatives Activity Signals Caution
Derivative data also indicates cautious participation. According to CoinGlass data, ONDO trading volume is down by 0.78% to $197.74 million while open interest is down by 6.32% to $221.12 million.
The coinciding drop in both metrics suggests that traders are unwinding their leverage positions as they wait for a catalyst. This leaves ONDO exposed to volatility if participation resumes.
Source: Coinglass
A decline in open interest can help to mitigate any danger of being overcrowded on the leveraged side of the market; however, at the same time, such an occurrence may be an indication of the lack of commitment regarding a potential new move. Therefore, any breakout in ONDO should be important if there is an increase in volumes.
Ondo Expands Into Australian Market
Apart from technical considerations, Ondo Finance is moving forward with its approach to assets with a memorandum of understanding with Openmarkets Group of Australia, a financial service provider in the country.
The partnership will look at the possibility of offering Ondo’s tokenized financial offerings to Australian investors who qualify to do so.
Source: Ondo Finance’s X Post
As part of the partnership, consideration is being given to the tokenization of securities listed on the Australian stock exchange and Ondo Stocks distribution in Australia and tokenized US Treasuries.
Consideration is being given to infrastructure bridging the Australian stock exchanges to the broader blockchain economy. This is an exploratory partnership, and any offerings will be subject to final agreement.
What Happens Next for ONDO?
On the other hand, technical compression and globalization are two stories that are distinct but interrelated for ONDO.
In the near term, the token will have to recapture resistance and increase participation in the markets before a breakout can be said to be established. However, over the long term, Ondo’s increasing network of tokenized assets might prove interesting to investors.
Also Read: Ondo Targets Australia With Openmarkets Tokenization MOU
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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