Ondo Finance (ONDO) has experienced a notable increase in its price over the last 24 hours, surging nearly 7%. This upward movement follows a significant 38% correction within the past 30 days, which had temporarily pushed its market capitalization below the $3 billion mark. Market participants are closely monitoring whether this recent price recovery signifies a potential shift in the prevailing trend. For confirmation of such a shift, ONDO will need to surpass crucial resistance levels.

Technical indicators such as the Directional Movement Index (DMI) and Chaikin Money Flow (CMF) suggest that selling pressure is diminishing, while buying interest is gaining strength. Should ONDO manage to break through the $0.90 level, it may rally towards $1.08 and possibly reach $1.20. Conversely, if the upward momentum falters, there is a risk of a further decline below $0.70.

The Average Directional Index (ADX) for Ondo Finance stands at 33.8, down from 40.5 recorded the previous day. This metric, which evaluates trend strength on a scale from 0 to 100, indicates that although the current downtrend remains robust, its intensity appears to be abating. Values above 25 denote a strong trend, whereas figures below 20 imply a weaker or non-directional market. Since the ADX for Ondo Finance remains above 25, the bearish trend retains dominance; however, the decrease in the ADX points to a possible deceleration in downward momentum.

Simultaneously, the positive directional indicator ( DI) has risen to 21.9 from 11.18, while the negative directional indicator (-DI) has fallen from 34.3 to 24.11. These shifts highlight the waning selling pressure and the strengthening buying pressure. Nonetheless, as -DI remains marginally higher than DI, the downtrend persists. A crossover of DI above -DI would validate a change in momentum, potentially heralding a trend reversal.

In the interim, Ondo Finance continues to operate within a downtrend, though bullish forces are progressively asserting themselves. The Chaikin Money Flow (CMF), which assesses buying and selling pressure based on both price and volume, currently rests at 0.07, having recovered from a low of -0.32 just three days earlier. Values exceeding 0 signify accumulation (buying pressure), while those below 0 represent distribution (selling pressure). A CMF above 0.05 typically reflects mounting bullish momentum, whereas extended negative readings frequently coincide with downtrends.

Ondo Finance's CMF turned positive yesterday following two consecutive sessions in negative territory, indicating an escalation in buying activity. At its current level of 0.07, capital inflows are resuming, which could bolster additional price growth. Nevertheless, given the modest value, consistent buying volume is essential to affirm a pronounced uptrend. If the CMF ascends further, it might signal enhanced accumulation, potentially triggering a breakout and positioning ONDO among the leading Real-World Assets coins in the market.

At present, ONDO is recuperating after briefly slipping beneath $0.79 for the first time in months, amid a broader correction affecting major Real-World Asset (RWA) coins over the last 30 days. The recent rebound hints at increased buyer engagement, yet the overall trajectory remains ambiguous, contingent upon overcoming significant resistance levels. Breaking past $0.90 could propel ONDO to rise towards $0.99, with an eventual breakout potentially driving it to $1.08 or even $1.20. On the other hand, should the upward trajectory falter and selling pressure reemerge, ONDO's price might descend to $0.73, posing the danger of dropping below $0.70 for the first time since November 2024.

以上内容由悟空财富根据公开信息整理，与本站立场无关，如存在问题请联系我们，本文为数据整理，不对您构成任何投资建议，投资有风险，请谨慎决策。