Ondo Finance Funding Rate Drops to -60% Amid Price Volatility

Ondo Finance is gaining attention in real-world asset tokenization but faces challenges as its token, ONDO, has dropped 33% since January 4, 2025. Despite this downturn, analysts indicate potential for recovery.

Key points include:

Funding rate for ONDO has fallen to -60%, suggesting bearish sentiment but also indicating a possible market reversal.
During the November 2024 rally, ONDO surged over 260%, highlighting its volatility and capacity for returns.
Current trading price is $1.20, with fluctuations between $1.09 and $1.30.
To regain bullish momentum, ONDO must reclaim resistance at $1.35; failure to maintain $1.20 could lead to further declines.

This situation reflects cautious investor sentiment, requiring decisive action from bulls to shift the market outlook.