ONDO's price has dropped below $0.50 as of December 5, 2025, following a volatile trading session. The token briefly rose above $0.515 but failed to maintain momentum, succumbing to selling pressure during the U.S. trading hours. This decline is linked to a cooling interest in Real World Assets (RWA), with investors retreating from yield-focused products. Other RWA-related tokens, including Maker and Maple, also experienced declines. Technical factors contributed to ONDO's downturn, with resistance at the 23.6% Fibonacci level and the 30-day SMA triggering stop-loss orders and increasing selling pressure. The token's 24-hour trading volume fell to $93 million, below its average. Additionally, Bitcoin's market dominance and a strong correlation of 0.89 with ONDO have exacerbated the downward trend.