Ondo Token Faces Pressure but Strong Fundamentals Persist
- All-Time High TVL: Ondo's total value locked (TVL) has reached $2.52 billion, marking a 31.15% increase over the past month, indicating significant institutional and on-chain demand despite price pressures.
- Surge in Holder Count: The number of Ondo holders has increased by 34.8% in the last 30 days, reaching 67,745, suggesting growing user engagement in Ondo's ecosystem, which enhances market confidence.
- Active Addresses Spike: Monthly active addresses have surged over 210% to 83,519, reflecting a significant rise in user participation, even as the price remains consolidated at lower levels.
- Technical Pattern Formation: Ondo's daily chart is forming a right-angled descending broadening wedge, and if it can hold above the $0.32 support level, it may set the stage for a future rebound, although it currently faces strong resistance at the 100-day moving average.
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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 | 0.0898 | 0.146 | 0.208 | 0.264 | 0.327 | 0.383 | 0.446 |
| Fibonacci | 0.146 | 0.191 | 0.219 | 0.264 | 0.31 | 0.338 | 0.383 |
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