The price of the digital currency ONDO Finance (ONDO) has been consolidating recently. However, in the past 30 days, this token has grown by 20% and established itself as one of the top Real World Asset (RWA) tokens in the market. Despite the price momentum decrease, ONDO’s market value remains at $4.2 billion. Key indicators show market uncertainty with weakening trend strength and buying pressure. Whether ONDO breaks out of its current range or continues to consolidate depends on its ability to regain momentum in future trading sessions. The Average Directional Index (ADX) is at 10.7, indicating very weak trend strength. Until the ADX reaches above 20, a strong trend will not form, and ONDO may continue to consolidate in the short term. The Chaikin Money Flow (CMF) indicator is at 0.01, lower than 0.1 the previous day, suggesting selling pressure dominance. ONDO’s inability to maintain a CMF above 0.1 and its decrease indicate a weakening uptrend. If the CMF drops back below zero, it could signal renewed selling pressure and potentially further price decline or long-term consolidation. ONDO’s price has fluctuated between $1.31 and $1.38 recently, unaffected even by the launch news of its own Layer 1. Moving average lines of this token are close to each other, indicating a lack of strong movement. If ONDO starts a new uptrend, it may first test the $1.49 resistance. Breaking this level could lead to a move towards $1.66. However, if downward pressure increases and the $1.28 support is broken, the price may decline towards $1. Keep track of all token and cryptocurrency prices live on the digital currency price page.
