ONDO Price Dips Amid Market Volatility, Chart Structure Offers Support

ONDO's price has dropped by 5.9% to $0.3514 in one day, which is worse than a slightly positive crypto market. The total altcoin market value fell 0.38%, and the Altcoin Season Index dropped 4% to 48. This indicates that money is not flowing into riskier assets right now.

The Bitcoin price rose by 0.88%, and investors are sticking with the market leader as US-Iran tensions ease and ETF money keeps coming in. This means that the drop in ONDO's price is more about the overall market mood than anything wrong with the project itself.

The chart structure is also worth watching, particularly the $0.30 to $0.36 zone, which acted as resistance for months but has now turned into a key support level. The RSI has cooled down to 49 after being overbought during the May rally, and the MACD has crossed below its signal line, indicating weaker short-term momentum.

However, there is no major bearish divergence showing up on the chart, and as long as ONDO's price remains above $0.30-$0.32, the structure still favors consolidation above former resistance instead of a complete trend reversal.