ONDO Coin Price Below $1? It's time to scramble!

Bittime - ONDO Coin price today fell below $1 per coin. What are the prospects for the future? Is the right time to buy ONDO? Understand the meaning, price and prediction of ONDO coin today!

What is ONDO Coin?

ONDO Coin is a crypto token that operates within the Ondo Finance ecosystem, a DeFi (Decentralized Finance) platform focused on the tokenization of real assets such as bonds and ETFs (Exchange-Traded Fund) on the blockchain. 

Ondo Finance aims to bridge the gap between traditional finance and DeFi by offering a tranche system, allowing investors to choose the risk level that suits their profile. 

With smart contract technology, ONDO brings greater transparency and efficiency in digital financial transactions.

ONDO Coin Price Today

Currently, the price of ONDO Coin is around $0.83, with an increase of $0.02 in the last 24 hours. In the last week, ONDO prices rose around 23.73%, while in the last month they increased 11.39%. 

However, ONDO is still stuck below the $1 level, with analysis indicating potential price consolidation in the near term.

Read also: Ondo Price Prediction, Will the Price Rise?

ONDO Coin Price Prediction 2025

According to the latest technical analysis, ONDO price is currently in a descending channel after dropping from a high of $2.18. Predictions for March 2025 show:

• Nearest support: $0.83
• First resistance: $0.91
• Target bullish: $1.11 - $1.15
• Sideways movement: $0.78 - $0.91 if fails to break resistance

If ONDO manages to break $0.91, then there is a chance to reach $1.15. However, if it fails to cross the resistance, the price is likely to remain moving sideways around $0.78 to $0.91.

Is Now a Good Time to Buy ONDO Coin?

Here are some factors to consider before buying ONDO Coin:

Positive Trends: ONDO prices have experienced a significant increase in the last few weeks.
 Strong Fundamentals: Ondo Finance has a clear vision of bringing real-world assets to the blockchain.
 Breakout Potential: If ONDO breaks $0.91, the next target could be $1.15.

Risks to Consider:

• The price is still in a descending channel, which could extend the consolidation phase.
• There are no strong bullish signals that guarantee a price increase in the near future.

Conclusion

ONDO Coin offers exciting opportunities in the world of DeFi with its innovative approach to real asset tokenization. 

Even though the price is currently below $1, the positive trend indicates potential growth in the short term. 

However, investors must remain careful about the potential for price consolidation and conduct in-depth analysis before investing.

FAQ 

What is Ondo Finance?
Ondo Finance is a DeFi platform that enables the tokenization of real-world assets such as bonds and ETFs using blockchain technology.

Why hasn't the price of ONDO Coin broken through $1?
ONDO Coin is currently still in a consolidation phase with resistance at $0.91. It takes stronger bullish momentum to push prices higher.

Is it safe to invest in ONDO Coin right now?
Investment in ONDO Coin has potential profits, but also the risk of price consolidation. It is recommended to monitor support and resistance levels and perform technical analysis before buying.

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Reference

CoinMarketCap, Ondo Coin, Accessed March 18, 2025

CoinGecko, Ondo Coin Price, Accessed March 18, 2025

TradingView, Technical Analysis of Ondo Coin, Accessed March 18, 2025

CryptoRank, Ondo Price Prediction, Accessed March 18, 2025

Author: SD