Will Ondo defend the $0.40 psychological level?
Key receivers
ONDO is down 10% in the last 24 hours and has briefly dropped below the $0.40 support level.
The coin may retest lower support levels as the price action remains weak.
ONDO recovered after entering below $0.40
ONDO is one of the worst performers among the top 100 cryptocurrencies by market cap, losing 10% of its value in the last 24 hours. At press time, ONDO is trading at $0.41, recovering slightly from lows below $0.40.
The bearish performance comes despite Ondo Finance announcing plans to merge with Solana (SOL) in early 2026, a tokenized stocks and exchange-traded funds (ETFs) platform.
According to the post, Ondo will bring ETFs to the Solana network. While this announcement indicates optimism for ONDO, the coin has underperformed over the past 24 hours.
It's coming.
The largest platform for tokenized stocks and ETFs is coming to @Solana in early 2026.
Wall Street liquidity meets Internet capital markets. pic.twitter.com/CMMFT2UTFu
— Ondo Finance (@OndoFinance) December 15, 2025
The merger is designed to enhance Ondo's ecosystem and adoption by leveraging scalability, liquidity and SOL's rapidly growing user base.
The bearish performance corresponds to the declining open demand of ONDO on the Binance exchange, which is currently at $22.32 million, close to the 2025 low. Declining open demand suggests that traders are closing their positions, while speculative demand is currently declining.
ONDO could retest $0.34 as bears take control.
The ONDO/USD 4-hour chart is weak and ineffective as Ondo has lost 10% in value over the past 24 hours.
The coin was rejected at the $0.52 resistance level last week and has lost 16% of its value since then. If the downtrend continues, ONDO may retest the $0.34 support level in the near term.
The October 10 low of $0.24 could serve as another strong support in the coming weeks or months.
The Relative Strength Index (RSI) on the 4-hour chart is at 32, indicating bearish conditions, indicating strong bearish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) indicator is showing a bearish cross, adding confusion to the negative outlook.
However, if the bulls recover, ONDO could rally back to the $0.52 resistance level.
