ONDO drops below $0.40 USD, market ignores Solana integration news

The price of Ondo (ONDO) is still in a correction trend when trading below the $0.40 USD threshold at the time of writing on Tuesday, after a roughly 6% decline in the previous session. However, Ondo Finance recently announced plans to integrate with Solana (SOL) in early 2026, aiming to expand its platform for tokenized stocks and ETF funds — a move that demonstrates the project’s long-term growth vision.

Contrary to the positive strategic outlook, short-term price movements and derivatives market indicators are signaling caution, as the upward momentum weakens and trader sentiment cools down, increasing the risk that ONDO will continue to face downward pressure in the near future.

Ondo aims to expand with Solana integration plans

Ondo Finance stated on X account on Monday that the company plans to integrate with Solana in early 2026, thereby bringing its leading platform for tokenized stocks and ETF funds into this blockchain ecosystem.

This move is seen as a positive signal for the long-term prospects of the native token ONDO, as integration with Solana promises to significantly improve scalability, increase liquidity, and leverage the rapidly growing user base of this network. As a result, Ondo’s ecosystem could expand, and market acceptance might be strongly boosted. However, despite this supportive information, ONDO’s price still declined nearly 6% during Monday’s trading session.

Short-term downward pressure is further reinforced by the weakening of open interest (OI) on Binance. Specifically, ONDO’s open interest decreased to $22.32 million on Tuesday, approaching the lowest level of the year. This trend indicates that many traders are reducing or closing their positions, reflecting a decline in speculative capital flow and cautious sentiment dominating the market, rather than the emergence of strong new buying interest.

Open interest of ONDO | Source: Coinglass## Ondo Price Forecast: Sellers Are Controlling Momentum

The ONDO price has failed to break above the 38.2% Fibonacci retracement zone at $0.52 — established from the October 6 high of $0.97 down to the October 10 low of $0.24 — and was strongly rejected on December 10. Since then, this token has lost over 16% of its value and on Tuesday remains hovering around the $0.40 USD level.

In a negative scenario, if selling pressure continues to dominate, ONDO is likely to extend its decline and revisit the important October 10 low at $0.24 USD.

Daily ONDO/USDT chart | Source: TradingView Technical indicators are clearly leaning bearish. The Relative Strength Index (RSI) on the daily timeframe is near the 30 mark and continues to decline, indicating increasing bearish momentum and approaching oversold territory. Meanwhile, the MACD indicator has issued a bearish crossover signal on Tuesday, further confirming a less optimistic short-term outlook.

Conversely, if buying interest returns and helps ONDO recover, the price could extend its upward move to challenge the key resistance zone around the 38.2% Fibonacci level near $0.52 USD.