- ONDO trades at $1.27, with a market cap of $1.76 billion and a 24-hour volume decline of 16.62%.
- Resistance stands at $1.30, while $1.25 serves as critical support.
Ondo (ONDO) is currently trading at $1.27, reflecting a 3.41% increase over the past 24 hours. Its market capitalization stands at $1.76 billion, with a trading volume of $197.79 million over the same period. However, the trading volume has declined by 16.62%, resulting in a volume-to-market-cap ratio of 11.08%.
The total circulating supply of ONDO is 1.38 billion tokens, contributing to a fully diluted valuation (FDV) of $12.72 billion. The token’s total supply is 10 billion, with no maximum supply defined yet.
Will ONDO Surge Further?
The chart indicates a resistance level at $1.30. Breaking this level could push the price toward $1.35, opening opportunities for bullish momentum. On the downside, $1.25 serves as the immediate support. If the price falls below $1.25, it could test the $1.20 level, signaling a bearish shift.
The Relative Strength Index (RSI) currently stands at 40.55, with its moving average at 29.53. These values suggest the market is in a neutral-to-slightly oversold zone. A decisive move above the 50-mark would indicate a stronger bullish trend, while further declines below 30 could point to heightened selling pressure.
The Chaikin Money Flow (CMF) shows a value of -0.21, reflecting a clear capital outflow from ONDO. Sustained negative CMF readings suggest the market is facing consistent selling pressure. For bullish sentiment to return, the CMF would need to cross into positive territory.
The moving averages present a bearish picture. The short-term moving average remains below the long-term moving average, forming a death cross. This bearish crossover is a strong indication of downward momentum. A reversal of this pattern, where the short-term moving average crosses above the long-term moving average, would signal renewed bullish momentum.
The narrowing gap between the support and resistance levels highlights the potential for a breakout in either direction. ONDO is cautiously recovering from recent lows. To maintain upward momentum, it must break above $1.30. Conversely, a breach below $1.25 could lead to further declines.
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