ONDO dey face bearish outlook as technical pattern dem dey point to possible price fall of 12–33% amid regulatory and expansion update dem
ONDO, di native token wey Ondo Finance get, dey experience strong bearish movement with key technical indicators dey show say e fit go down more. Before, one bearish flag pattern for daily chart show say price fit drop by 33%, with 50-day EMA wey be $0.93 dey act as important support level. If price break below dis, especially with high volume, e fit make decline quick. Later, 1-hour chart show one bearish rising wedge pattern, wey mean say fit still drop 12% reach $0.7384 if wedge support break. Technical signals show sey ONDO dey weak: e dey trade below Bollinger Band midline, RSI dey show say traders no too sure, MACD dey bearish zone, and ADX dey show say trend weak. Trading volume dey reduce and buying interest slow make pressure mount. Besides price action, Ondo Finance don expand im yield-bearing stablecoin USDY comot reach five Latin American countries through TruBit, wey dey increase access to U.S. Treasury-backed assets for investors wey no dey U.S. The platform also dey interact with U.S. SEC, dey push for clearer regulation on tokenized securities, and dem dey expect better updates from upcoming SEC events. For crypto traders, the technical setup dey signal make dem cautious due to high risk say ONDO price go drop further. Bigger developments like USDY expansion and regulatory talks fit affect how people feel about ONDO and related DeFi assets.
Bearish
ONDO price dey under pressure from plenty bearish technical patterns. The initial daily chart don signal say e fit drop 33% if support for 50-day EMA fail. Follow-up analysis for 1-hour chart show bearish rising wedge, wey mean say e fit go down further 12% if support break. Declining volume, weak ADX, and bearish MACD confirm say buying interest dey reduce and no clear upward momentum dey. Even tho Ondo Finance dey expand USDY stablecoin plus dem dey try regulatory things with SEC for long-term better DeFi integration and institutional adoption, all dis no don balance the current short-term technical weakness wey dey ONDO price. Until technical indicators improve or fundamental catalysts show, ONDO outlook remain bearish with high risk say e go continue to fall.