ONDO Drops 18% After a Brief Rally | Airdrop Alert Pro

Yesterday, Ondo Finance (Ondo) briefly soared almost 20%, but the earnings were reversed within 24 hours. Despite this callback, Ondo remains a major player in the real assets (RWA) space.

Technical indicators show that momentum is slowing, while whale activity has declined for the first time in two weeks. Whether Ondo can recover and push beyond critical resistance levels or continue to correct lower support zones will depend on market sentiment and potential developments regarding its inclusion into the reserves.

Ondo RSI is declining after reaching its highest level in 3 months

Yesterday’s momentum surgedpush its relative strength index (RSI) to 76.1 and then cool to 54.8.

RSI is a widely used momentum oscillator that measures the speed and amplitude of price movement based on a ratio of 0 to 100. Reading above 70 indicates too many conditions, usually a potential callback.

Meanwhile, readings below 30 indicate overselling conditions that could lead to a rebound. As Ondo’s RSI briefly crossed 70 for the first time in three months, traders see it as a sign of a strong bullish momentum ahead of the recent answer.

Now sitting at 54.8, Ondo’s RSI has been reduced back to neutral territory, reflecting a slowdown in purchasing pressure. This suggests that recent gatherings may have been overscaling, resulting in profits and potential merger periods.

If the RSI is stable at 50 or above, Ondo can maintain its bullish structure And try another move higher.

However, if it continues to drop to 40 or lower, it may indicate a weakening momentum, increasing the chance of further disadvantages.

Ondo whales have fallen for the first time since mid-February

The number of Ondo whales (holding between 1 million and 10 million Ondo wallets) has been steadily increasing since February 17, rising to 221 by March 1 to March 1.

However, this trend has reversed in the past few days and whales are now down to 214. Tracking whale activity is crucial because large holders can significantly influence price movements through their buying, selling or selling decisions.

The number of whales often accumulates signals. Impressed by confidence in Ondo’s long-term potentialwhile the decline may indicate distribution, it increases the risk of sales pressure.

Despite the recent decline, whales are still high compared to previous months. This shows that broader confidence in assets remains intact.

However, this is the first decline in more than 15 days, which may indicate that some large holders are making profits or repositioning. If this trend continues to decline, RWA coins may face increased sales pressuremay lead to further correction.

On the other hand, if whales are stable or start to rise again, it may indicate accumulation. This will indicate a potential price rebound.

Ondo falls below $1

A wider market rally Promoting Ondo’s price Yesterday, it was nearly $1.20 before corrections, indicating that traders are making profits.

And ondo is still Real-world Assets (RWA) Industryits short-term price changes will depend on whether the current pullback deepens or is stable.

If the correction continues, you can test support for approximately $0.95. A further decline could reduce it to $0.90 or $0.88. If the decline is below $0.80, this will be the first time since November 2024.

But Ondo can recover momentum if bullish sentiment returns, especially if the U.S. takes more Crypto-friendly attitude toward RWA Or if Ondo is eventually added to the US Strategic Crypto Reserve.

In this case, it could break the resistance at $1.26 and $1.44, and a strong rally could send it to $1.66.