Ondo token (ONDO) experienced a volatile trading session, climbing to nearly $0.30 before retreating to around $0.24, marking a 6% decline. The token's recent gains were driven by improved sentiment in the altcoin market, but selling pressure emerged near a key resistance level, highlighting ongoing market challenges. Despite a constructive technical setup, ONDO remains under pressure, with a 14% decline over the past week. The token's price action reflects broader market trends, as Bitcoin struggles below $70,000 and Ethereum faces resistance near $2,000. The CoinMarketCap Crypto Fear and Greed Index remains in extreme fear territory, indicating fragile market sentiment. Technical indicators present a mixed outlook for ONDO. The relative strength index (RSI) suggests potential for further downside, while the Moving Average Convergence Divergence (MACD) hints at a possible bullish crossover. Analysts caution that if ONDO fails to maintain support at $0.21, it could face a pullback toward $0.17.