ONDO Holds 20% Monthly Gains but Struggles to Regain Momentum

74
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.