Ondo Finance (ONDO) Rally Slows Down After 50% Price Increase

Key Takeaways

• Ondo Finance (ONDO) bounced off an ascending support trend line.
• The ONDO price has increased by 55% since the start of April.
• How long will Ondo Finance sustain its upward movement?

The ONDO price rallied in the second half of 2024, reaching a new all-time high in December. However, it has fallen by 70% since.

Like the rest of the crypto market, ONDO bounced on April 7 and has increased by over 50%.

Yesterday, the Ondo Finance team announced positive news. TruBit, one of Latin America’s biggest crypto payment platforms, added support for USDY, Ondo’s yieldcoin, marking the first step in its expansion into Latin America.

With that in mind, let’s examine the ONDO price increase and see if it will continue in May.

ONDO Price Bounces at Support

The weekly time frame analysis shows that ONDO has increased alongside an ascending support trend line since March 2024.

It has bounced at this trend line numerous times, more recently in April 2025 (green icon), starting the current upward movement.

The most recent bounce caused a breakout from a descending resistance trend line that had existed since the all-time high.

So, it is the first step in suggesting that the correction is over and that new Ondo Finance highs are likely. A weekly close above the $1.40 resistance area would confirm this.

Technical indicators have not confirmed the upward movement yet.

While the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing, neither has crossed their bullish thresholds at 50 and 0, respectively.

Based on the weekly time frame, it is unclear if Ondo Finance has started a bullish trend reversal.

ONDO’s Weakening Trend

While the weekly time frame is undetermined, the short-term six-hour one suggests the trend is bearish.

This is because ONDO’s increase since April is contained inside an ascending parallel channel.

Furthermore, this channel overlaps significantly, suggesting the increase is corrective.

A breakdown from the channel could take the ONDO price to $0.84.

While technical indicators do not yet confirm this breakdown with a bearish divergence, a breakdown from the channel will likely bring them into bearish territory.

Possible Breakdown Ahead

Ondo Finance prevented a breakdown with a strong bounce at its ascending support trend line.

However, the rally is corrective, likely to lead to an eventual breakdown.

If that happens, the ONDO price could return to $0.84 before bouncing.