ONDO Price Holds 22% Gains but Struggles to Break Key Levels
Ondo Finance (Ondo) prices have been in the merger phase over the past few days, but have still risen 20% in the past 30 days, cementing its position as one of the most relevant RWA (Assets in the Real World) tokens. Despite the recent lack of momentum, Ondo is still holding a market capitalization of $4.2 billion.
Key indicators indicate uncertainty, weakening trend intensity and gradually disappearing buying pressure. Whether ondo breaks through scope or continues to merge depends on its ability to recover momentum in the upcoming meeting.
ondo dmi shows a lack of obvious trends
The Ondo DMI chart shows ADX at 10.7, which stayed below 15 for five consecutive days, indicating a weaker trend intensity. ADX (Average Direction Index) Measures Trend strength rather than direction, values below 20 usually indicate a lack of strong trends, and trends above 25 indicate a more certain movement.
since Ondo’s ADX remains low For several days it confirmed that the market is consolidating with no obvious bullish or bearish momentum.
Meanwhile, +DI fell from 24.2 to 19.7, while -DI rose from 12.8 to 16.6, showing a slight change in directional strength, but no decisive breakthrough. Although these actions indicate a shift in buying and selling pressure, both indicators appear to be stable.
This is with Current lateral price actionneither the buyer nor the seller have complete control. A strong trend is unlikely until ADX rises above 20 and may continue to merge in the near term.
Ondo CMF strives to stay positive
ondo The CMF is currently 0.01, down 0.1 in the past few days after spending nearly two weeks on negative territory between January 31 and February 10.
Chaikin currency flow (CMF) measures buying and selling pressure based on quantity and price action. Values above zero indicate values accumulated and below zero signal distribution.
The rise in CMF shows that buying interest is stronger, while the decline in CMF or negative CMF indicates that sales pressure is dominating the market.
Ondo failed to maintain above 0.1 and now the trend is low, indicating a weaker bullish momentum.
As CMF is almost no more than zero, buying pressure is gradually disappearing, increasing the risk of returning to negative values. If it drops below zero again, it may indicate sales pressure updates, which may lead to a price drop or an extended merger.
Ondo Price Forecast: Will the Merger continue?
ondo price In the past few days, even within the trading range between $1.38 and $1.31, even after this Announced its own 1st floor. Its EMA lines are closely arranged, indicating a lack of clear momentum.
Although it went sharply from $1.60 to $1.13 between January 30 and February 2, it was still the biggest RWA Token, maintaining a market value of US$4.2 billion. The current lateral movement shows that the market is indecisive and awaits breakthroughs in these two directions.
As the most interesting RWA Coins In February, if Ondo establishes an uptrend, it may first test resistance at $1.49. If this level is broken, it may push further towards $1.66.
However, if bearish pressure increases and support for $1.28 fails, the price may extend its decline to $1.00.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
