Ondo Finance ($ONDO) Faces $886M Token Unlock Impacting Market Sentiment
- Token Unlock Scale: Ondo Finance will unlock 1.94 billion $ONDO tokens on January 18, valued at approximately $886 million based on the current price, representing 57.23% of the circulating supply, which may lead to market sentiment fluctuations.
- Timing Impact: Unlike the bullish market during the 2025 unlock, this event occurs in a consolidation phase, and it is expected to negatively impact the $ONDO price, prompting investors to proceed with caution.
- Market Reaction Expectation: Given the current weak liquidity, a price drop of 10% to 30% is anticipated post-unlock, and investors should monitor trading flows around the unlock period.
- Other Token Unlocks: In addition to $ONDO, Bitget and Plume Network are also set for significant unlocks, amounting to $504 million and $26 million respectively, potentially increasing overall market supply pressure.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.09 | 0.146 | 0.209 | 0.265 | 0.327 | 0.383 | 0.446 |
| Fibonacci | 0.146 | 0.191 | 0.219 | 0.265 | 0.31 | 0.338 | 0.383 |
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