Ondo (ONDO), a virtual asset linked to real-world assets (RWA), continued its downward trend, falling to the $0.42 range. On the 23rd, in the virtual asset market, ONDO recorded $0.4291, down 7.0% over the past 24 hours, with trading volume during the same period totaling approximately $11.3 million.

■ Price Trend: Started at $0.4613, Then Turned Downward

ONDO began trading near $0.4613 on the day and rose to $0.4623 intraday before turning downward. As selling pressure continued, it fell to an intraday low of $0.4213.

The current price is about 1.85% above the 24-hour low and about 7.18% below the intraday high. The fact that it remains near the lower end of the daily trading range indicates a seller-dominated trend.

■ Watch Points: Whether $0.4213 Holds and Whether Volume Accompanies Any Move

In the short term, price movement around $0.4213 is the key focus. If the price falls below that level again, the existing 24-hour low would be lowered, potentially expanding the decline.

Conversely, even if the price recovers from the low, it is necessary to confirm whether an increase in trading volume accompanies it. A temporary price rise without supporting trading activity makes it difficult to conclude that selling pressure has eased.

Ondo's recent price movement is characterized by an expanding decline after forming an intraday high, with trading continuing near the low. However, current figures alone cannot confirm the possibility of further declines or a rebound. Going forward, whether $0.4213 holds and changes in trading volume are expected to be key variables in judging the short-term price trend.

[This article is intended to provide information for investment reference purposes and does not recommend buying or selling any specific asset. Conditions may vary depending on market circumstances. Investment decisions and their consequences are the responsibility of the investor. AI provided partial assistance.]