Why ONDO Finance’s 22% rebound doesn’t confirm a trend reversal yet

Towards the end of May, Ondo Finance [$ONDO] token prices plunged 24.59% in just under six days, from $0.452 to $0.341. Since this plunge, the altcoin has witnessed a miniature resurgence.

It has gained 22.6% in four days and was up 18% in the previous 24 hours as of writing. The resurgence came from a technically important spot and has cleared another key short-term resistance as well.

Like other altcoins showing strength against Bitcoin [BTC] and the broader crypto market, Ondo Finance now faces a key question: is this move sustainable?

The price action charts can help them navigate the $ONDO markets in the coming days and weeks.

The higher timeframe downtrend was still in place

The weekly chart showed a coin far from its all-time high of $2.14 from December 2024. Despite Bitcoin setting new highs in 2025, most altcoins were unable to follow, and the Ondo Finance token was among them.

This weakness was compounded by the October crash, which drove the price below the $0.60-$0.70 former demand zone. The recovery in recent weeks has not challenged this area.

$ONDO has not even breached the lower high set at $0.47 during the January 2026 relief rally. However, the buyers showed an obstinacy at the $0.33 support level in May that gives some hope to the bullish market participants.

Though the swing structure remained bearish on the weekly and daily charts, this obstinacy could be the light at the end of the tunnel.

Ondo traders’ call to action: Respect the range

Yes, the $0.33 level has been defended over the past month. However, the established range between $0.33 and $0.45 from the second week of May has not been dismantled yet.

$ONDO has climbed back above the mid-range resistance at $0.396, and the OBV made new local highs. The RSI was pushing higher, too, reflecting bullish momentum recently.

Traders can use a retest of the $0.39 mid-range level to go long. Invalidation of this idea would be a drop back below the $0.375 short-term support.

On the higher timeframes, investors will want to see the $0.47 level reclaimed. A move beyond the $0.60-$0.70 supply zone would be a strong sign of an $ONDO resurgence.

Until these scenarios come about, traders and holders can use rallies to take profits and await retracements or even the long-term bearish trend’s continuation.

Final Summary

• The Ondo short-term price trends were worth a closer examination as profitable trading opportunities.
• Despite the uptick in demand recently, unless key higher timeframe levels are reclaimed, holders would do well to use the rallies to take profits.