ONDO Price Prediction: Analyst Says the Market Is Missing One Key Detail

The ONDO price has been under pressure recently, trading down from its earlier highs near the $0.48–$0.50 area and now sitting around $0.35. On the surface, the chart still looks like a correction, with lower highs and lower lows forming over the short term.

But the interesting part is that not everyone is reading this move as purely bearish. Some traders argue that the price is lagging behind what’s actually happening under the hood in the ONDO ecosystem, especially when it comes to revenue and upcoming product launches.

Revenue Growth Keeps the Conversation About ONDO Price Alive

One of the strongest arguments supporting ONDO in the 2xnMore’s tweet comes from its existing fee generation. The protocol is already producing around $47 million in annualized fees, with roughly $150,000 generated in just the last 24 hours. That activity is spread across multiple chains including Ethereum, Solana, Arbitrum, Mantle, Sui, and Noble. Since launch, total fees have reached about $61 million.

What stands out here is not just the revenue, but the fact that token holders are not yet receiving any of it. The fee switch has not been activated, even though the Ondo DAO has the authority to turn it on through governance. That creates a gap between usage and token value capture, and many traders are watching closely to see if that changes in the future.

There’s also a wave of upcoming catalysts that keep ONDO in focus despite the weaker chart. Ondo Perps is set to go live on June 9, offering perpetual futures for traditional assets like stocks, ETFs, and commodities with leverage of up to 20x. That alone introduces a new product category into the ecosystem. On top of that, a $250 million Catalyst Fund is actively being deployed to expand the ecosystem further, adding more infrastructure and applications around the protocol. Another major milestone is the expected launch of Ondo Chain mainnet before year-end.

ONDO Price Still Fighting the Chart Structure

We had a look at the ONDO chart, and despite all the fundamental developments, the price structure still leans bearish in the short term. The ONDO price has stayed below the 100-period SMA at $0.3863, which has repeatedly rejected upside attempts. After failing to hold the $0.48–$0.50 area, price action shifted into a clear corrective phase with a break of structure lower.

At the moment, ONDO is consolidating near $0.35, but momentum is not strong enough yet to confirm a full reversal. RSI is sitting at 37.05, which is getting close to oversold territory. That tells us selling pressure may be slowing down, even if it hasn’t fully faded.  Volume is still relatively moderate at 4.42 million, with no strong spike on the latest bounce attempt, which means buyers haven’t fully stepped in yet. The short-term picture for the ONDO price really comes down to a few key zones.

If buyers manage to defend the $0.31–$0.32 support area, there’s room for a recovery move back toward $0.35–$0.36. That area is important because it also aligns with previous breakdown levels. A stronger move would require reclaiming the 100 SMA at $0.3863, which would start to shift the structure away from the current downtrend. If that support zone fails, attention shifts lower toward $0.28–$0.29, which becomes the next major area of interest.

Read Also: ONDO vs Injective (INJ): Why INJ Could Be the Bigger Winner Long-Term

What the ONDO Price Is Really Telling Traders

Right now, the ONDO price is sitting in an awkward spot. The chart is still in correction mode, and momentum hasn’t fully flipped. But at the same time, the fundamentals are active: $47 million in annualized fees, a major perpetual launch on June 9, a $250 million growth fund, and a mainnet rollout planned with major institutional partners involved.

That disconnect between price action and ecosystem development is exactly what traders are watching. Whether ONDO catches up to its fundamentals or continues to lag behind will depend on how price reacts around these key support levels in the coming sessions.

FAQs

Why is the ONDO fee switch important

The protocol generates around $47 million in annualized fees, but none of that revenue is currently distributed to token holders. The Ondo DAO has the ability to activate the fee switch through governance, making it a closely watched potential catalyst.

What is Ondo Perps?

Ondo Perps is a new trading platform scheduled to launch on June 9, offering perpetual futures for traditional assets such as stocks, ETFs, and commodities with leverage of up to 20x.