$ONDO just reclaimed its 200-day MA on the daily chart.

Price: $0.4271
200-Day MA: $0.3781
Volume: 24.39M ONDO
That volume number is the most important detail on this chart right now. This is not a quiet drift above a declining average. This is a high volume expansion day breaking through months of resistance with real participation behind it.
The full story from left to right is brutal and then quietly hopeful.
ONDO peaked near $1.80 in early 2025. The October 2025 flush was the capitulation. Price collapsed to $0.25 on volume that cleared every leveraged position in the market simultaneously. From that floor, higher lows started forming while most people had already moved on.
Today price pushed to $0.4870 intraday before pulling back to $0.4271. That rejection from the highs needs to be respected. But the 200MA at $0.3781 has been reclaimed with volume behind it.
Here is what separates this chart from every other 200MA reclaim in the market right now.
The protocol kept building through the entire price decline.
JPMorgan, Mastercard, and Ripple ran a live cross-border settlement using OUSG last week. Broadridge, settling over $15 trillion in securities daily, just partnered with Ondo to bring voting rights to tokenised stock holders. 70 percent market share in tokenised equities. $800 million in TVL.
The fundamentals built the case during the downtrend.
The chart is now beginning to reflect it.
$0.3781 must hold on any retest. Lose it on a daily close, and the setup resets.
Hold it, and $ONDO has its first legitimate higher low structure above the 200MA in over a year.
The protocol did not wait for the price to recover before it kept building.
The question now is whether the market catches up to what already happened.