Ondo (ONDO) is currently trading at $0.725698, reflecting a 24-hour decline of 2.35%. The price has fluctuated between a high of $0.74671 and a low of $0.722568 in the past day, indicating a narrow daily range of 0.024142%.

Trading volume stands at approximately 83.99 million, contributing to a volume-to-market cap ratio of 3.65%. The hourly moving averages reveal a bearish trend, with the 8, 13, and 21 SMAs all positioned below the current price, suggesting downward momentum, while the 55 and 144 SMAs indicate deeper resistance at $0.7600 and $0.7716, respectively.

The 1-hour RSI is at 37, indicating that the asset is nearing oversold territory, while the 7-day RSI at 45 suggests a lack of significant buying pressure. Over the last week, ONDO has decreased by 7.41%, with a more substantial decline of 12.96% over the past 14 days and a notable 28.76% drop in the last 30 days, emphasizing a bearish trend.

The all-time high for ONDO was $2.14, reached on December 16, 2024, indicating considerable potential for recovery if market conditions improve. However, the current price action and RSI levels signal a continued struggle to regain upward momentum in the near term.

Considering the persistent bearish indicators and the recent price performance, the recommendation is to Hold ONDO. While it may not be the ideal time to accumulate more due to current downtrends, investors should monitor for signs of stabilization or bullish reversals before making further investment decisions.