$ONDO Drops, Extends Long-Term Downtrend Cycle

Ondo ($ONDO) dropped 2.72% over the last 24 hours to $0.264, according to its crypto trading market data on Sunday, underperforming a nearly flat broader market, primarily due to low liquidity and weak momentum in a risk-off environment.

The token’s 24-hour trading volume fell 29% to $33.3 million, resulting in a low turnover ratio of 0.026. This indicates thin markets where modest selling can amplify price moves.

With a $1.28 billion market cap, Ondo is down 77% over the past year, reflecting sustained weak momentum and a lack of buyer conviction. In illiquid conditions, Ondo becomes more sensitive to overall market sentiment shifts rather than its own fundamentals...

Read more: https://dmarketforces.com/ondo-drops-extends-long-term-downtrend-cycle/