ONDO crypto has lost a key support level, continuing its decline despite growing institutional interest in tokenization. Ondo Finance President Ian De Bode highlighted the strong commitment from institutions, with ONDO's trading volume exceeding $147 billion. The project is a leader in the real-world asset sector, boasting a fully diluted value of $21.3 billion and a market cap of $6 billion. Despite these strong fundamentals, ONDO's price remains under pressure, trading below a descending trendline and a critical support level of $0.70. This disconnect between market performance and institutional backing underscores the challenges facing ONDO in the current market environment.