In Summary
Ondo rises 7% as retail investors jump in, aiming to recover a $3 billion market capitalization. DMI and CMF show weakening selling pressure, suggesting potential for a breakout.
A move above $0.90 could push ONDO to $1.08, while failure could lead to a drop below $0.70.
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Ondo Finance (ONDO) has risen nearly 7% in the past 24 hours, attempting to reclaim a $3 billion market capitalization after a sharp 38% drop in the past 30 days. The recent price recovery suggests a potential trend change, but breaking key resistance levels is needed for confirmation.
Indicators like the DMI and CMF show gradually decreasing selling pressure while buying interest is increasing. If ONDO surpasses $0.90, it could rise to $1.08 and even $1.20. However, if it fails to maintain upward momentum, the price could drop below $0.70.
ONDO’s DMI Shows Downtrend May Soon Reverse
ONDO’s ADX is currently 33.8, down from 40.5 yesterday. This indicates that while the downtrend is still strong, its intensity is starting to weaken.
The ADX (Average Directional Index) measures trend strength on a scale of 0 to 100, with values above 25 signaling a strong trend and below 20 indicating a weak or non-trending market.
Since Ondo Finance’s ADX is still higher than 25, the downtrend remains dominant, but the decline suggests that momentum may be slowing
Meanwhile, the +DI has risen to 21.9 from 11.18, while the -DI has decreased from 34.3 to 24.11, showing that selling pressure is gradually decreasing while buying pressure is increasing.
However, since the -DI is still slightly higher than the +DI, the downtrend remains in place. If the +DI continues to rise and crosses above the -DI, it could confirm a shift in momentum, potentially signaling a trend reversal.
Until then, Ondo Finance remains in a downtrend, but buyers are gradually gaining ground.
Ondo Finance’s CMF Sharply Increases in the Past Three Days
ONDO’s Chaikin Money Flow (CMF) is currently 0.07, recovering from a negative low of -0.32 just three days ago
The CMF measures buying and selling pressure by analyzing both price and volume, with values above 0 indicating accumulation (buying pressure) and below 0 signaling distribution (selling pressure).
A CMF above 0.05 suggests increasing bullish momentum, while sustained negative readings often align with downtrends
Ondo Finance’s CMF turned positive yesterday after being in negative territory for two consecutive days, signaling that buying pressure is increasing.
With the CMF currently at 0.07, inflows are returning, which could support further price recovery. However, as the value is still relatively low, sustained buying volume is needed to confirm a strong uptrend
If the CMF continues to rise, it could indicate stronger accumulation, potentially leading to a breakout, placing ONDO among the top real-world asset coins in the market.
Will ONDO Reclaim $1 Soon?
ONDO is currently recovering after dropping below $0.79 for the first time in months, following a broader correction across major RWA coins over the past 30 days.
The recent rebound suggests that buyers are stepping in, but the trend remains uncertain, with key resistance levels ahead
If it surpasses $0.90, it could continue to rise to $0.99, and a further breakout could take it to $1.08 or even $1.20.
However, if the uptrend fails and selling pressure returns, ONDO’s price could fall to $0.73, with the risk of dropping below $0.70 for the first time since November 2024.
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