Key Takeaways
- Despite market uncertainty, Ondo Finance’s TVL has reached an all-time high of $1.826 billion.
- Price action suggests that ONDO is hovering near local support at $0.56 and could potentially decline another 25% if it fails to hold above this level.
- The key catalysts driving ONDO’s continued downward momentum appear to be the prevailing bearish market sentiment and the breakdown of the parallel channel.
Ondo Finance is attracting the attention of crypto enthusiasts—not for its price, but for the impressive surge in its Total Value Locked (TVL), which has hit a new all-time high today. This notable rise in TVL comes at a time when overall market sentiment remains fearful, and major assets, including Bitcoin (BTC), Ethereum (ETH), and even ONDO itself continue to decline.
This raises the question of whether the spike in TVL could influence the asset’s price, or if the downtrend will persist.
Ondo Finance’s Bullish On-Chain Metric
According to the latest data from DeFi aggregator DeFiLlama, Ondo Finance’s Total Value Locked (TVL) continues to rise, hitting a new all-time high of $1.826 billion today.
This surge in TVL not only reflects growing investor interest and confidence but also indicates rising network activity — a bullish signal for the asset, which continues to struggle.
Alongside TVL, Ondo Finance’s DEX volume has also been increasing, marking its highest level since the beginning of October 2025, suggesting growing on-chain trading activity and strengthening investor confidence in the decentralized platform.
Also Read: Will Bitcoin Price Nosedive to $100K? Institutional Sell-Off Shakes Market
ONDO Current Price Momentum
Despite an impressive surge in on-chain activity, ONDO’s price continues to struggle. According to the latest data from TradingView, the asset is currently trading at $0.60, reflecting a 2.85% decline today.
The key factors preventing ONDO from soaring are the current market sentiment, where the continued decline of top assets like BTC and ETH appears to be influencing the broader market, along with fading institutional interest in cryptocurrencies.
Ondo Finance (ONDO) Technical Outlook and Its Key Levels
With the continuous decline, ONDO appears to be in trouble as it has already broken down from a prolonged parallel channel pattern formed on the daily chart since February 2025.
TimesCrypto’s technical analysis reveals that ONDO’s breakdown below the channel has opened the door for a further downside move, though it still has local support at $0.56, which seems strong enough to trigger a potential pullback — but only if the price manages to sustain above this level.
However, if the downward momentum persists and ONDO’s price falls and closes a daily candle below the $0.56 level, it could experience a further 25% decline, potentially reaching the $0.42 level in the future.
As of press time, ONDO’s Average Directional Index (ADX) value stands at 44.5 — well above the key threshold of 25 — indicating strong directional momentum in the asset.
When combining ONDO’s price action with on-chain metrics, it appears that the asset is currently following the overall market sentiment. However, once the market begins to recover, ONDO could experience a sharp rebound or an impressive price surge.
