ONDO rejection at $0.47 keeps bearish structure in play, with $0.26 in focus

Ondo (ONDO) saw Open Interest fall 8.93% over the past 24 hours while price slipped 4.78%, even as it remains up 12% on the week. The token challenged the $0.47 local high on Saturday, 9 May, but failed to break through, keeping a bearish technical and on-chain bias intact. Analysts highlighted $0.42 as a key invalidation level and $0.26 as a downside area to watch.