ONDO rebounds 10%, but traders still lean bearish – Can $0.4 hold?
The post ONDO rebounds 10%, but traders still lean bearish – Can $0.4 hold? appeared on BitcoinEthereumNews.com. With geopolitical tensions potentially easing and hopes of a U.S./Iran peace deal building, the crypto market saw renewed demand. Amid this shift in sentiment, Ondo Finance [ONDO] rebounded from a $0.37 dip, defended the $0.4 support level, and climbed to $0.44. At press time, ONDO traded at $0.42, up 10.45% on the daily chart. However, trading volume dropped 32%, signaling lower market participation. As the market recovered, traders opened new leveraged positions. Open Interest [OI] jumped 15% to $223 million, while Derivatives Volume fell 37% to $682 million. Source: CoinGlass The rise in OI suggested leverage was building quietly, but traders remained cautious. Higher OI alongside weaker Derivatives Volume often preceded stronger breakouts or sharper pullbacks. For now, ONDO’s market structure still reflected hesitation. Why are ONDO spot traders still selling? Despite th