ONDO Holds 20% Monthly Gains but Struggles to Regain Momentum
Ondo Finance (ONDO) remains one of the top-performing Real-World Asset (RWA) tokens, holding a 4.2B market cap despite recent consolidation. The token is up 20% in 30 days but has lacked clear momentum in recent sessions.
Key Indicators Suggest Market Uncertainty:
- ADX at 10.7 – Weak trend strength, signaling continued consolidation.
- Directional Movement Index (DMI) Confirms Indecision – +DI has dropped from 24.2 to 19.7, while -DI has risen from 12.8 to 16.6, indicating fading buying pressure.
- CMF Drops from 0.1 to 0.01 – Buying pressure is weakening; a dip below zero could lead to renewed selling.
Critical Price Levels to Watch:
📌 Resistance at $1.49 – A breakout could lead to $1.66.
📌 Support at $1.28 – If broken, ONDO could decline toward $1.00.
ONDO’s EMA lines are aligned, reinforcing the lack of clear direction. Until ADX climbs above 20, ONDO may continue trading sideways.
Key Indicators Suggest Market Uncertainty:
- ADX at 10.7 – Weak trend strength, signaling continued consolidation.
- Directional Movement Index (DMI) Confirms Indecision – +DI has dropped from 24.2 to 19.7, while -DI has risen from 12.8 to 16.6, indicating fading buying pressure.
- CMF Drops from 0.1 to 0.01 – Buying pressure is weakening; a dip below zero could lead to renewed selling.
Critical Price Levels to Watch:
📌 Resistance at $1.49 – A breakout could lead to $1.66.
📌 Support at $1.28 – If broken, ONDO could decline toward $1.00.
ONDO’s EMA lines are aligned, reinforcing the lack of clear direction. Until ADX climbs above 20, ONDO may continue trading sideways.
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