DeFi · rank #46

Ondo ONDO

ONDO cycle analysis · chart, confirmed lows and fundamentals

$0.4508-0.5% 1d+1.3% 7d-1.5% 30d

Watch Recovering held Phoenix · monthly · score 50 mixed

42.1% below its 365-day high of $0.7793 (2025-10-27), +123.5% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
0.22460.67662.042024-112025-102026-10peak 2.15low 0.2017 (91%)false bottommonthly trigger 0.2976
Where it stands

On the Watch.

Held on the Watch: it last met the Watch rules on 2026-10-20. Today it meets no tier rule; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +123.5% above the Feb 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 1

Last bars
1r 1g 2Ur 2Ug 1r
Confirmed low
$0.2017 · 2026-02-28
Position
8 of median 5 (max 8)
Current low
$0.2017 · confirmed
Cycle-low confidence
58% · in band
Confirmed lows
6

Weekly 1

Last bars
2Ug 2Ur 2Dg 3r 1g
Confirmed low
$0.3229 · 2026-09-20
Position
5 of median 4 (max 17)
Current low
$0.4104 · unconfirmed
Confirms above
$0.5322
Cycle-low confidence
51%
Confirmed lows
26

Daily 1

Last bars
2Dr 2Dr 1g 3g 1r
Confirmed low
$0.4104 · 2026-10-18 (daily)
Position
3 of median 5.0 (max 15)
Current low
$0.4104 · confirmed
Cycle-low confidence
23%
Confirmed lows
181
The full read, in sentences
  • Monthly: forming bar is a red inside bar. Last confirmed swing low 0.2017 (Feb 2026), month 8 of a cycle that has typically run 5. Cycle-low confidence 58%.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 0.3229 (Sep 2026), week 5 of a cycle that has typically run 4. Current low 0.4104 is unconfirmed — it confirms above 0.5322. Cycle-low confidence 51%.
  • Daily: bar is a red inside bar. Last confirmed swing low 0.4104 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 23%.
  • Watch: 42% below the 2025-10-27 high; +124% off the 365-day low.
  • Phoenix: 91% decline over 14 months, monthly swing low confirmed (late (3 bars)), now +124% above the trough; pullback #6 confirmed 2026-09-27.
  • Gauges: Mayer multiple 1.23 (neutral); -78% from the all-time high.

Has Ondo bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the ONDO snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.2017 from 2026-02-28. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.3229 from 2026-09-20. A newer candidate at $0.4104 is unconfirmed; its confirmation level is above $0.5322, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.4104 from 2026-10-18. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Ondo below its high?

The Coinbase price snapshot is 42.1% below its rolling 365-day high of $0.7793 from 2025-10-27. Separately, CoinGecko reports -78.9% relative to its all-time high of $2.14 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. First observed: Watch; recovering · Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$2.15 · Dec 2024
Trough
$0.2017 · Feb 2026
Decline
-90.6% over 14 months
Above trough
+123.5%
Monthly
confirmed (late (3 bars)) · trigger $0.2976
Weekly
confirmed (next-bar)
False bottom
$0.6630 · Apr 2025 (2 higher highs, then undercut)
Entry
pullback #6 low $0.3229 confirmed 2026-09-27 · trigger $0.4431
Score 50
decline30
confirmation25
earliness0
stale-15
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health68 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
5.4 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
2.05 x7.1 / 15
Size (market-cap rank)
survivorship
46 #9 / 15
Age on Coinbase
survived a cycle
2.7 yrs6.4 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$2.42B
Fully diluted
$4.98B
24h volume
$130.9M
Circulating
4,869,330,647 of 10,000,000,000 max
All-time high
$2.14 · 2024-12-15 (-78.9%)
Mayer multiple
1.233 · neutral
Pi cycle
0.537
On Coinbase since
2024-01-22 (1004 bars)
CoinGecko id
ondo-finance

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources