Ondo (ONDO) is currently trading at $0.830575, reflecting a 24-hour decline of 2.69%. The price has experienced a daily range of just 0.030177%, indicating a consolidation phase, with a 24-hour high of $0.861084 and a low of $0.830907.

The trading volume stands at 78,732,790, translating to a volume-to-market cap ratio of 3.00%. This level of volume suggests moderate interest, but the decline in price points towards potential selling pressure from traders.

Technical indicators show bearish momentum, particularly with the 1-hour RSI at 26, indicating oversold conditions. The 7-day RSI at 44 further supports the lack of upward momentum, signaling that the asset may remain under pressure in the near term.

Moving averages confirm this bearish sentiment, with all short-term SMAs (8, 13, 21, and 55) reflecting declines between 1.81% and 2.33%. The 144 SMA also indicates a slight decline of 1.55%, suggesting that the short-term trend is firmly negative.

From a broader perspective, ONDO has seen a significant decline over the past 7 days (-8.84%), 14 days (-13.97%), and 30 days (-4.14%), illustrating ongoing downward pressure. The asset is currently trading well below its all-time high of $2.14 reached in December 2024, indicating a substantial distance to recover.

Given the current technical setup, bearish momentum, and lack of buying interest, the recommendation is to Sell ONDO. The risk of further declines appears elevated, and potential investors should wait for a more favorable market condition before considering an entry.