ONDO Holds Firm Above Critical $0.97 Support Amid Market Uncertainty

ONDO's price action mirrors the broader cryptocurrency market's current indecision, trading at $1.01 with a modest 1.32% daily decline. The token demonstrates resilience by maintaining its position above the critical $0.97 support level, anchored by its 20-day simple moving average.

Technical indicators present a mixed outlook: the Relative Strength Index at 53.52 suggests neutral momentum, while the MACD's bullish histogram reading of 0.0074 indicates underlying strength. Market participants appear to be awaiting clearer catalysts, as the absence of fundamental developments leaves price movements driven by technical factors and general market sentiment.

Such consolidation phases often precede significant breakouts, making ONDO's ability to hold support particularly noteworthy for traders. The token's performance continues to reflect the cryptocurrency sector's characteristic volatility, with neither bulls nor bears establishing clear dominance in recent sessions.