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Despite legal turmoil on Ondo Finance, ONDO cryptocurrency holds key support levels

2026-08-13 15:45:17
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Key Insights

The ONDO cryptocurrency is trading close to US$0.333 after falling sharply by 1.41%.

If the price closes above US$0.5394 for three consecutive days, it will support the broader recovery pattern.

Three court lawsuits and token unlocking pose governance and supply risks.

On Wednesday, ONDO cryptocurrency traded close to $0.333, as legal uncertainty compounded by market weakness. The token fell 1.41% in 24 hours, while the market was basically flat. Bitcoin fell 0.42%, indicating that ONDO prices are under greater downward pressure than the benchmark currency.

There is no clear toin-specific catalyst for this decline. However, Ondo Finance faced governance disputes after founder Nathan Allman died in May. His estate has filed three documents in Delaware questioning Ian De Bode's authority.

At the same time, analyst Crypto Patel believes that there may be a reaccumulation structure above the long-term demand area. This view needs confirmation, with $0.5394 being a key three-day closing price for the broader recovery.

ONDO Cryptocurrency Price Chart| Source: CoinGecko

ONDO cryptocurrency tests US$0.33, Bitcoin leads the market direction

CoinMarketCap data shows that ONDO prices are approximately US$0.33, down about 1.4% in the past day. Bitcoin fell by about 0.4%, while the total market value of cryptocurrencies fell only slightly. This gap suggests that ONDO is underperforming cautious markets rather than responding to new project announcements.

In the existing market environment, there is no obvious industry-wide RWA (Real World Assets) rotation. Immediate support is around $0.33. Holding this area may maintain a consolidation range of $0.33 to $0.35. A clear break below will expose US$0.31, while Bitcoin's US$63,000 area may affect demand for altcoins.

The next macro test comes from the U.S. producer price index (PPI) in July, especially if the U.S. consumer price index (CPI) is in line with market expectations. A strong response from Bitcoin may relieve pressure on ONDO cryptocurrency prices. Further weakening could intensify the sell-off of highly volatile tokens.

However, the analysis and price expectations discussed in this article are based on technical indicators at the time of release. They are not guarantees of future performance and should not be interpreted as financial advice.

Investors should conduct thorough due diligence and, where appropriate, consult a qualified financial professional before making an investment decision.

Estate litigation deepens governance issues for Ondo Finance

According to the documents, Ondo's corporate dispute began with the death of Allman, who was then CEO, sole director and controlling shareholder. His voting rights entered the probate stage until Kathleen Allman became the estate's personal representative on June 26.

The estate manager accused De Bode of improperly claiming the position of CEO during this period and appointing himself as the sole director. Its documents requested the Delaware Chancery Court to determine legal control and restrict special corporate behavior.

De Bode denies the allegations and calls them groundless. He said the current management still has the support of key stakeholders and the Ondo Foundation. There is currently no court ruling to resolve these conflicting claims.

Operations continued during the dispute. Token Terminal reported that the market value of Ondo's tokenized ETFs has increased by $167.4 million year-to-date. Binance bStocks increased $119.8 million, while xStocks increased $64.9 million.

ONDO Tokenized ETF Market Value| Source: Token Terminal

These data show product demand, but do not represent the accumulation of value of ONDO cryptocurrency. Litigation can still affect governance, contracts, financing and institutional relationships. Token unlocking also creates an independent supply risk to the ONDO price.

ONDO cryptocurrency charts define breakthrough and failure levels

Crypto Patel's chart tracks the process from a cyclical peak of $2.15 to a low of $0.20. Before buyers returned, the decline was about 92%. Analysts set the long-term demand area at $0.19 to $0.25.

ONDO subsequently recovered to around $0.45 and is currently trading at around $0.33. Prices are located between the rising support line and the falling resistance line, forming a compressed pattern for months. However, the direction of breakthrough cannot be determined based on the compressed form alone.

Support near

is at US$0.2943, while US$0.42 represents middle resistance. The $0.4506 area posed another obstacle before analysts confirmed the $0.5394 level.

Crypto Patel requires a three-day closing price to be higher than $0.5394 to strengthen ONDO's recovery judgment. He then set target prices of $1,$1.60,$3 and $5. These levels represent a scenario rather than a confirmed forecast.

ONDO Price Analysis| Source: CryptoPatel, X

If the three-day closing price falls below US$0.2016, it will destroy the pattern. Analysts viewed a clear break below $0.17 as a broader failure signal. Until buyers clear resistance, ONDO cryptocurrency prices remain in the potential bottom area rather than a confirmed bull market.

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