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HBAR, ONDO, LINK, AVAX Tumble Following $OM Crash

Jonathan Carls by Jonathan Carls
April 15, 2025
in Binance Feed, Market
Reading Time: 4 mins read
HBAR, ONDO, LINK, AVAX Tumble Following $OM Crash
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  • $OM’s sharp drop triggered broad RWA token weakness, revealing sentiment fragility.
  • Chainlink and HBAR faced rejections at resistance, exposing sector-wide selling pressure.
  • ONDO showed relative strength, while AVAX stayed range-bound amid cautious trading.

The sudden collapse of MANTRA ($OM), which fell over 25% in just 24 hours, had a ripple effect across the broader RWA token market. Prominent assets like Hedera (HBAR), Ondo (ONDO), Chainlink (LINK), and Avalanche (AVAX) also declined. 

Although these tokens saw milder drops compared to $OM, the synchronized move confirmed deep sentiment-driven links within the sector. Investors reacted swiftly, reallocating capital away from riskier positions. 

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Consequently, this decline underlined the vulnerability of Real World Asset (RWA) narratives to rapid sentiment shifts. Despite technical resilience in some tokens, bears continue to pressure key levels across the board.

HBAR Retreats as Sellers Defend the $0.170 Resistance Zone 

Hedera’s HBAR struggled to stay above $0.170 as intraday price action revealed heavy selling pressure. The token slipped to $0.1671 after briefly recovering from earlier lows. 

Short-term support emerged at $0.1640, a level that repeatedly absorbed downward pressure. A lower support near $0.1625 remains in play if bears push further. Volume declined slightly to $233 million, showing reduced enthusiasm. 

Source: CoinMarketCap

Hence, any close above $0.170 could shift momentum upward, possibly targeting the $0.1725–$0.1750 range. Otherwise, a fall below $0.1640 may invite further losses toward $0.1600.

ONDO Sees Bullish Recovery 

ONDO initially rallied to $0.913 before retracing toward $0.8761. Despite the late-day pullback, daily performance stayed slightly positive. Support at $0.870 held well, while $0.860 formed a key bottom during earlier trading. 

Source: CoinMarketCap

Resistance at $0.900–$0.913 remains firm, rejecting two rally attempts. However, a breakout above this range could lead to gains toward $0.920 or even $0.940. The trading volume increased by 7.55%, showing renewed interest. Hence, bulls could regain control if this momentum sustains and resistance cracks.

LINK Slides as Bearish Reversal Replaces Early Optimism

Chainlink rallied early, peaking near $13.20, before sellers regained control. The price reversed and settled near $12.72. Support has formed around $12.60, with deeper backup at $12.45. 

Source: CoinMarketCap

Resistance at $13.20 held strong after two failed breakouts. Volume fell by nearly 10%, pointing to reduced conviction among buyers. Hence, a bounce from $12.60 could test $12.90, but risks of a drop to $12.45 remain high.

AVAX Stuck in Sideways Channel 

Avalanche (AVAX) continued consolidating in a tight $19.80 to $20.60 range. Support has been solid at $19.80, while bulls struggle near $20.60. Mid-level barriers between $20.20 and $20.50 have also limited upside moves. 

Source: CoinMarketCap

Price action remains directionless, with short-term volatility dominating the trend. A move above $20.60 may trigger a bullish breakout. However, a close below $19.60 could drive more downside pressure.

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