ONDO Price Pulls Back to Key Support Zone Ahead of June 9 Launch
- Return to Key Support: ONDO's price has pulled back to the critical support zone at $0.35, which previously acted as resistance from February to April, indicating that market attention at this level could influence future price movements.
- Surge in Trading Volume: Daily trading volume reached approximately 29 million near this support zone, indicating active buying interest that may help sustain ONDO amidst broader market weakness and prevent further declines.
- Market Leadership: Ondo Finance leads the tokenized stock market with over $1.1 billion in on-chain assets, more than double that of its nearest competitor, and has seen a robust 62% growth in the past 30 days, reflecting strong market demand and growth potential.
- Upcoming Catalyst: The June 9 launch of Ondo Perps could serve as a catalyst for ONDO's price, and while overall market sentiment remains weak, a successful launch may attract more investor interest, potentially driving prices higher.
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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 crypto.
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 | 0.186 | 0.25 | 0.306 | 0.37 | 0.427 | 0.49 | 0.547 |
| Fibonacci | 0.25 | 0.296 | 0.324 | 0.37 | 0.416 | 0.444 | 0.49 |
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