Ondo Price Prediction: ONDO Pulls Back After Its Rally, but Traders Are Not Fully Bearish Yet – Here’s Why

ONDO has cooled down after ending one of the spectacular rallies that the crypto asset skilled up to now few weeks. After rallying by over 64% for the month of Could, the coin has corrected considerably, main many to wonder if it has topped or will bounce from right here.

Crypto analyst Sjuul from AltCryptoGems believes the market might nonetheless revisit the origin of the breakout transfer earlier than discovering stronger help once more. Even so, the larger construction on the chart nonetheless appears far more healthy than a full development reversal for now.

The ONDO value moved from roughly $0.25 to almost $0.50 throughout the Could rally as merchants piled into the Actual World Asset narrative. After such a steep transfer, the correction was not fully sudden. Markets not often transfer vertically eternally, particularly after quick rallies the place merchants begin locking in income close to resistance.

Effectively, we had enjoyable whereas it lasted and caught an important 64% transfer on $ONDO.

But it appears that evidently the occasion is now over and the worth is destined to return and retest the origin of the impulsive transfer!https://t.co/i2LE4AH00R pic.twitter.com/9p81f3xLa8

— Sjuul | AltCryptoGems (@AltCryptoGems) May 18, 2026

The ONDO value is now retesting its breakout zone

We had a take a look at the every day chart, and the market is now testing one of the necessary help areas because the rally began. The ONDO value has retraced in direction of the $0.36-$0.37 ranges, the place it was once a breakout area throughout the upward transfer.

Day by day ONDO value chart evaluation

Additionally, observe that the ONDO value discovered help on the 100-period transferring common degree near $0.3666, under the transferring common line. Nonetheless, for ONDO value to stay bullish, it ought to maintain above the help area of $0.32-$0.34 ranges.

Momentum has additionally cooled off considerably because the rally peak. The 4-hour RSI dropped again towards impartial territory close to 58.91 after beforehand changing into overheated throughout the breakout section. That provides the market extra room to stabilize earlier than one other bigger transfer develops.

4-hour ONDO value chart evaluation

We additionally had a take a look at the 4-hour chart, and ONDO nonetheless seems to be holding above key help regardless of the rejection close to the highs. Traders are actually watching the $0.40-$0.41 resistance space very intently as a result of reclaiming that zone might rapidly reopen the trail again towards the latest highs close to $0.49-$0.50.

On the identical time, the dangers have gotten clearer. If the ONDO value loses the $0.36 area cleanly, merchants would doubtless begin trying towards the decrease help zone between $0.32 and $0.34.

ONDO on-chain exercise is recovering throughout the correction

One of many extra bullish developments taking place behind the scenes is the restoration in community exercise even because the ONDO value pulls again.

On-chain information supplied by Glassnode reveals that the variety of lively addresses was reducing steadily from about 2,500 to round 1,350–1,400 following the pullback. Nonetheless, latest information point out an enchancment within the readings, with lively addresses rising to about 1,750, the most effective readings in weeks.

The variety of transfers additionally improved sharply. Transaction exercise beforehand dropped from round 8,000 transfers down close to 3,000, but the newest information exhibits customers changing into way more lively once more.

That normally issues as a result of rising exercise throughout a correction can level towards accumulation as an alternative of full development exhaustion. Traders usually view such a divergence as a optimistic sign as a result of it exhibits engagement on the community bettering regardless that value is cooling off.

The RWA narrative remains to be supporting ONDO

The larger elementary story round ONDO additionally stays sturdy. A big a part of the rally got here from rising pleasure round tokenized securities and the broader Actual World Asset sector.

Studies this week point out the SEC could introduce an “innovation exemption” framework that would make it simpler for blockchain platforms to supply tokenized public shares. That will be a significant growth for tasks like Ondo, which already dominate massive components of the tokenized asset market.

The tokenized inventory sector reportedly expanded roughly 30% in a single month to round $1.4 billion, with Ondo controlling near 60% of the market, or roughly $883 million. On the identical time, Ondo Finance introduced its tokenized inventory whole worth climbed to roughly $1.5 billion, serving to gasoline extra bullish sentiment across the ONDO value.

Nonetheless, merchants are additionally watching one bearish growth intently. A project-managed multisig pockets has apparently transferred about 328 million ONDO cash with an approximate worth of $98.4 million on exchanges reminiscent of Coinbase inside the final two months. 

Massive transfers to exchanges have been seen to boost alarm for promoting within the coming days, particularly amid rallies that herald enormous beneficial properties to merchants.

Can the ONDO value bounce once more?

As issues stand now, it seems that ONDO’s present weak spot is nothing greater than a standard correction following its breakout relatively than a whole breakdown. That is the case supplied that purchasing curiosity continues to defend the help areas under the asset.

The vital vary for ONDO can be between the degrees of $0.36 and $0.37. Any stabilization right here and push in direction of the resistance areas round $0.40 can doubtlessly end in many merchants setting their sights on pushing in direction of $0.50.

In keeping with CoinCodex 1-month ONDO price prediction the worth might transfer to $0.2868, which is under the present value and exhibits that some analysts nonetheless count on additional draw back regardless of the bettering on-chain exercise and powerful curiosity across the RWA sector.