Ondo (ONDO) is currently trading at $0.978086, reflecting a 24-hour decline of 2.55%. The daily trading range has been tight, with a high of $1.035 and a low of $0.978144, indicating limited volatility in the short term.

Volume stands at 146,843,952, representing 4.75% of the market cap, which suggests a moderate level of trading activity relative to its overall market size. The moving averages are uniformly trending downwards, with the 8 SMA at $1.02 showing a decline of 4.07%, signaling bearish sentiment across multiple time frames.

The 1-hour Relative Strength Index (RSI) is at 29, indicating that the asset is oversold in the short term. Conversely, the 7-day RSI of 49 suggests a neutral position, while the 14-day price change shows a slight increase of 4.03%, reflecting some recovery potential over a longer horizon.

Despite the recent drop of 4.79% over the last week, the asset has seen a slight uptick over the past 14 days. However, the 30-day change remains negative at -2.37%, indicating ongoing pressure on the price.

Given that ONDO is trading significantly below its all-time high of $2.14, which occurred in December 2024, there is substantial room for price appreciation if market conditions improve. However, the current downward trend and oversold conditions suggest a cautious approach is warranted.

Based on this analysis, I recommend a Hold rating for ONDO. The asset's current technical indicators reflect bearish momentum, but potential recovery signals over longer time frames could provide entry opportunities in the future.