ONDO Drops to $0.45: First Accumulation Zone Signals 20x Potential

1. ONDO slips into its first accumulation zone as broader trend stays weak
2. Weekly indicators point to strong downside momentum with limited buyer activity
3. Long-term upside remains open, but only if ONDO reclaims major weekly levels

ONDO moved deeper into its corrective phase this week after sliding toward the mid-$0.40 region, a level highlighted earlier by Crypto Patel as the start of an accumulation area. The token briefly touched $0.45 after failing to hold above short-term support at $0.46, placing it inside a range that many traders consider an early discount zone.

Patel previously mapped this region as the first point where long-term participants may begin building positions, while a broader bearish scenario sits further below at $0.24 to $0.20. Market attention now remains fixed on whether ONDO can stabilize above the upper boundary of this zone or slip toward deeper support.

Source: X

The long-term projection for the asset remains ambitious, with extended targets near $5 and $10. These levels represent a significant jump from current prices, but the market has yet to show any structural shift that would support a sustained recovery. For now, sentiment remains cautious as technical indicators continue to reflect heavy selling pressure across the weekly chart.

ONDO Weekly Chart Shows Persistent Downtrend and Weak Momentum

The ONDO/USD weekly structure highlights a steady continuation of the medium-term downtrend. Price is trading around $0.49 and sits well below all key moving averages, including the 20, 50, 100, and 200-week SMAs.

These averages remain stacked in a bearish formation, showing that sellers still dominate and that long-term momentum has yet to reverse. A pattern of lower highs and lower lows has developed over several weeks, reinforcing the broader downward trajectory.

ONDO is also moving near the lower boundary of the Bollinger Bands, indicating a strongly oversold condition but also reflecting heightened volatility.

This positioning often precedes short-term relief moves, although such bounces typically struggle to gain traction when longer-term indicators remain deeply negative. Any attempt to recover will likely face resistance near the 20-week SMA, a level ONDO must reclaim to challenge the prevailing bearish structure.

Source: Tradingview

Momentum tools continue to show clear weakness. The Awesome Oscillator remains below the zero line and is printing deepening red bars, signaling renewed bearish momentum. This aligns with price action and supports the view that downward pressure has not yet eased.

At the same time, the Chaikin Oscillator holds near minus twenty-six million, showing a sharp outflow of capital and limited accumulation from larger market participants. Sustained negative money flow often leads to extended declines unless a strong support level forces stabilization.

Also Read: Can ONDO break major resistance levels and reach the $0.848 target?