ONDO Price Treads Water at Key Support Level Ahead of Next Rally

The Ondo Finance (ONDO) price is trading at $0.3476, down 5.25% over the last 24 hours.

This decline has brought ONDO toward a major support zone around $0.34, where traders are watching closely for signs of recovery.

According to analyst Umair Orakzai, holding this level could determine whether the ONDO price begins a fresh recovery phase or faces further downside pressure in the short term.

If ONDO manages to close above the $0.343-$0.36 range, it may lead to a breakout towards higher highs.