Ondo Finance (ONDO) held within a defined range on March 29, 2026, as the crypto analyst noted that the asset could break out in the coming days. The asset is still respecting the levels of support and resistance, and the structure is still intact in the short term.
At the time of writing, ONDO is trading at $0.2696, up by 3.09% over the last 24 hours, with a trading volume of $124.29 million and a market capitalization of $1.31 billion, according to CoinMarketCap.
While it is showing a positive movement, overall momentum remains low, indicating that buyers are still cautious of the asset.
Ondo Finance Range Bound Bullish Setup
On March 29, 2026, crypto analyst Alpha Crypto Signal shared this analysis, ONDO is trading in a horizontal channel and reacting to both support and resistance zones accordingly. The mid-range price point is also an important pivot point in this case, and holding up above this point could result in a move up towards the top of this range.
However, Alpha Crypto Signal added that the confirmation of a breakout above the channel would change the trend to a stronger bullish trend. Until then, the price is likely to continue moving within the range without a specific trend.
ONDO Indicators Show Bearish Trend Intact
This uncertain setup is also reflected in the technical indicators. The Relative Strength Index (RSI) is currently at 32.61, remaining near the oversold region and reflecting low buying pressure. Although it has risen slightly above its recent average of 29.87, the rise is marginal.
The Moving Average Ribbon also shows a downward trend, with ONDO trading lower than the key levels of 0.35392, 0.67408, and 0.84721. This shows that the price structure is still in a downtrend unless these levels are taken back.
Meanwhile, the MACD indicator is still in negative territory, with its line at -0.14076 and its signal line at -0.13135, reflecting that there is still selling pressure in the market. However, its histogram is slightly in positive territory at 0.00940, which may reflect that selling pressure is slowing down.
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ONDO Next Move Depends On Support
Overall, ONDO remains range-bound, and the short-term opportunities will depend on support holding. A clean breakout or breakdown from this structure will likely be required for the next move in the price.
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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