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Following
ONDO Ondo Finance price volatility narrows, and the market focuses on potential bullish breakthroughs
The price trend of Ondo Finance (ONDO) is showing a convergence trend, and market participants are closely watching whether it will have a potential bullish breakthrough. Continued compression in the current range suggests that buyers may be ready to enter if resistance is regained. However, uncertainty over lingering continues to limit trader confidence.
Technical Analysis: Price Compression and Resistance Levels
Cryptocurrency analyst Michaël van de Poppe pointed out that ONDO's compressed structure may ultimately be conducive to bullish breakthroughs. He stressed that if prices can recover key resistance levels, buyers may step in. Van de Poppe identified $0.31 as a potential entry point if ONDO experiences another decline; he prefers to wait for a pullback rather than chasing a breakthrough. In the event of a bullish reversal, he views $0.50 as his first upside target.
Van de Poppe notes that recovering the main resistance level could spark upward momentum, and $0.31 is an attractive position to open a long position in the event of another pullback.
Despite the above predictions, ONDO still faces challenges. The token currently trades below several key index moving averages (EMAs), including the 20, 50, 100 and 200 cycle moving averages. These EMAs are tightly clustered between $0.35400 and $0.37137, forming a narrow area that buyers need to overcome to establish upward momentum.
A breakthrough of $0.37137 will signal buyers 'short-term momentum and may open the way to the previous high of $0.44000. Reaching this level increases the likelihood of hitting the $0.50 target. From the perspective of downside risks, the range of $0.31000 to $0.32500 remains a key support area. A prolonged decline in this support range maintains a price compression pattern, and once it breaks below, ONDO may test $0.29500.
The momentum indicator shows the hesitation of market participants. The 14-day Relative Strength Index (RSI) is 45.97 and the signal line is 49.82-both values indicate that buyers have not yet established meaningful momentum, as values below 50 are generally considered neutral or bearish.
Volume and open interest data signals caution
CoinGlass derivatives data shows that market activity around ONDO is declining, with trading volume falling 37.93% to approximately US$143.26 million, and open interest contracts falling 1.20% to approximately US$225.68 million. These lower numbers suggest traders are cautious, with ONDO fluctuating between support and resistance, with neither side establishing a clear trend.
Volume will be the key to any future breakthrough attempt. A successful breakthrough accompanied by higher trading volumes will signal a trend shift. Conversely, any breakthrough that lacks sufficient volume may not gain momentum. Analysts stressed that rising trading volume is needed to confirm a breakthrough and that insufficient participation could lead to a failed rally.
Provides long-term support for the growth of tokenized assets
In addition to technical developments, the widespread adoption of tokenized assets is becoming a positive background for ONDO. Data from Whale Factor shows that in the past 30 days, the number of ONDO tokenized stock holders has surged 93% to nearly 450,000. During the same period, the overall tokenized stock market almost doubled to approximately $3 billion.
This trend reflects the increasing use of blockchain technology to represent traditional financial assets, which supports the growth prospects of the Ondo Finance ecosystem.
Mini Dictionary: Ondo Finance is a blockchain protocol focused on tokenizing real-world assets, aiming to connect traditional finance and decentralized finance.
In the short term, traders may focus on changes in the $0.31-$0.325 support range, EMA resistance clusters, trading volumes and open interest contracts for clues as to the next direction of ONDO. A rise with high volume will mark the beginning of a potential reversal, while continued weakness below support may keep bears in control.
