Ondo Finance is dealing with a difficult combination of leadership uncertainty, legal disputes, and heavy token losses. Nathan Allman’s passing changed the project’s leadership picture, and 3 lawsuits now raise questions about its governance. Still, the ONDO price chart has developed a structure that Crypto Patel believes could support a major recovery.
That bullish case remains unconfirmed, however. ONDO must defend its deeper accumulation zone and reclaim several resistance levels before the larger targets become realistic. The next price move could therefore determine whether the current structure becomes a lasting base or another temporary pause inside the decline.
What you'll learn 👉
Ondo’s Legal Dispute Has Created New Governance Questions
Sarosh says he has confirmed that Nathan Allman’s estate filed 3 lawsuits in Delaware. Public details remain unavailable, although he believes the cases concern governance and control of the company.
The legal dispute deserves attention because the eventual outcome could affect management stability, institutional relationships, financing, contracts, and product execution. Sarosh does not believe those risks should automatically erase everything Ondo Finance has accomplished since Allman’s passing.
Ondo has introduced 24 hour minting and redemption for tokenized stocks since June. The project also went live on Uniswap and LI.FI before partnering with Mirae Asset.
$ONDO Legal Battle: What We Know, What We Don’t, and Why My Position Hasn’t Changed.
— Sarosh (@SaroshQ2022) August 11, 2026
I have confirmed there are three lawsuits filed in Delaware by Nathan Allman's estate. Details are not public. Definitely governance related.
Look at what Ondo has accomplished since Nate…
Further development included custodial tokenized US securities through Broadridge and tokenized stocks that use DTC tokenized entitlements. Ondo also partnered with SBI to bring Japanese equities onchain.
Oasis Pro Markets secured further FINRA authorizations during this period. The company also introduced Ondo Network, launched Ondo Perps, and expanded USDY to BNB Chain.
Sarosh sees that continued execution as evidence that the company has not become paralyzed by its internal dispute. However, he wants proof that the legal battle is harming the business before changing his broader view of Ondo Finance.
ONDO Price Has Lost More Than 90% From Its Cycle Peak
ONDO reached a cycle high near $2.15 before entering an extended distribution and decline. Price eventually broke below a major ascending trend line during late 2025 and continued toward the $0.20 region.
Crypto Patel’s chart measures a 90.61% decline from approximately $2.15 to $0.20. That collapse brought ONDO into a green demand area that he labels as a bullish order flow and accumulation zone.
The important region stretches from approximately $0.19 to $0.25. Price entered that zone during early 2026 before recovering toward $0.45. Crypto Patel says his previous accumulation position delivered approximately 116% after the identified area was filled during February.
ONDO later returned toward that demand region before recovering to about $0.33. Buyers have therefore defended the broader zone more than once, although price remains below descending resistance.
Crypto Patel’s Chart Shows ONDO Compressing Between 2 Major Trend Lines
A look at Crypto Patel’s ONDO chart shows price compressing inside a narrowing structure. A descending black resistance line connects the lower highs, and an ascending support line rises from the cycle bottom.
Those 2 lines create a wedge around the current ONDO price. Compression usually ends when price escapes either boundary, but the chart does not confirm which direction will win.
The descending blue trend line presents another obstacle above the wedge. ONDO must move beyond that barrier before the larger recovery structure becomes more convincing.
Crypto Patel identifies $0.5394 as the first major confirmation level. A confirmed 3 day close above $0.5394 would place ONDO above an important resistance area and strengthen the bullish case.
Several Fibonacci levels also appear on the chart. The $0.2943 area serves as nearby support, whereas $0.4506 and $0.6077 represent barriers above the current price. Another resistance area appears near $0.8196 before ONDO reaches $1.
Crypto Patel Maps a Possible Route Toward $1, $1.60, $3, and $5
Crypto Patel places his first major target at $0.5394. His next targets appear at $1, $1.60, $3, and $5.
The blue projected path does not represent a guaranteed straight climb. It shows possible advances and corrections as ONDO works through each resistance area. Price could therefore reach one target before returning to test previous support.
The projected move toward $5 equals roughly 1,400% from the current ONDO price near $0.33. The chart also shows a 2,372% measurement because that calculation begins near the $0.20 cycle low.
Crypto Patel still describes the structure as potential reaccumulation instead of a confirmed bull market. A 3 day close below $0.2016 would damage the setup, and a broader close below $0.17 would invalidate his macro outlook.
Flippix Sees $0.90 as the First Target Beyond the Range
Flippix also considers ONDO’s prolonged sideways movement constructive. The analyst focuses on accumulation between $0.30 and $0.50, where price has remained for several months.
$ONDO is doing the most boring thing possible.
— Flippix (@Flippix_sol) August 11, 2026
And boring is exactly what I want here.
Months of sideways accumulation around $0.30–$0.50 while everyone slowly loses interest.
No hype.
No FOMO.
Just liquidity being built.
If $ONDO finally escapes this range
I’m watching… pic.twitter.com/E3ak0m4wNn
A successful escape from that range could bring $0.90 into view first. Flippix then identifies the area above $1.40 as the next objective, which represents a possible advance of roughly 331% from the referenced price.
ONDO now faces a technical and corporate test at the same time. Continued product development supports the project’s business case, but lawsuits, token unlocks, and unclear value accrual remain important risks. Price must reclaim $0.5394 before Crypto Patel’s larger ONDO price targets receive stronger confirmation.
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