The price of ONDO has fallen below key support levels, signaling continued bearish pressure despite recent declines in the overall market. However, activity from large investors and smart traders suggests opportunities for opportunistic buying. Market indicators point towards an oversold condition, potentially leading to a short-term rebound. 24-hour whale activity shows that Whale 0x9fc1 bought over $365,800 worth of ONDO tokens since February 25th. This accumulation builds upon purchases made earlier this year, and now leaves them with over 1.1 million tokens for a value of $1.08 million. 🚨 $ONDO Alert Meanwhile, Smart Trader 0xbf0b also acquired approximately $30,000 worth of ONDO tokens. This trader has a proven track record of profitable trades and shows confidence in the project’s potential despite the recent price drop. Market analysts have noted that the price of ONDO has fallen below the dollar mark to $0.9635, with progressively lower highs and lows strengthening the bearish case. This trend is further aggravated by breaking under the psychologically important $1.00 threshold, contributing to a negative picture. However, the price has fallen below the lower Bollinger Band at $1.0065. This is usually an indication that the market is oversold. While this could lead to a brief rebound, traders should wait for more confirmation from volume increases and trend shifts before placing major bets on a full recovery. Key resistance levels are at $1.00, followed by $1.25 and $1.50. Meanwhile, support levels sit at $0.90 and $0.75, with the latter being a historically significant support zone. If selling pressure continues, the price could test these lower levels before finding stability. Market indicators suggest a possible rebound, as the RSI is now in oversold territory (29.22) and often signals a potential price recovery. Traders are closely watching for signs of volume increases and trend shifts alongside RSI and MACD divergence for confirmation. While ONDO faces downward pressure from bearish trends, technical analysis suggests an oversold condition that could trigger a short-term bounce. With whales and smart traders accumulating ONDO, market participants will be keeping a close eye on price movements to understand if buyers regain control of the market. If they do, the price may target the $1.00 or $1.25 resistance levels. Conversely, continued bearish momentum could push the price towards $0.90 or lower. Stay tuned for the latest updates from the cryptocurrency world!