Top 5 RWA Tokens At Critical Support: OM, LINK, ONDO, ALGO, And CPOOL Rebound?
Cryptocurrency Market Downturn: The cryptocurrency market is experiencing a downturn, with Bitcoin dropping to a four-month low and Ethereum declining over 13%. Several Real World Asset tokens, including Chainlink and Ondo, are also facing critical support levels.
Potential for Recovery: Despite the current bearish trend, some cryptocurrencies like Mantra and Clearpool show signs of resilience and potential rebounds, suggesting that this may be an opportune time for traders to accumulate assets at lower prices.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 0.0932 | 0.148 | 0.206 | 0.261 | 0.319 | 0.374 | 0.432 |
| Fibonacci | 0.148 | 0.191 | 0.217 | 0.261 | 0.304 | 0.33 | 0.374 |
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