The digital currency ONDO has grown by about 7% in the last 24 hours and is striving to recover its $3 billion market value after a heavy 38% correction in the past 30 days. This recent growth may indicate a change in trend, but crossing key resistance levels is essential to confirm this change. Currently, the Average Directional Index (ADX) of ONDO has decreased to 33.8 from 40.5 in recent days, indicating a weakening downtrend, although the trend still prevails. On the other hand, the +DI indicator has increased from 11.18 to 21.9, indicating buying pressure. At the same time, the -DI indicator has decreased from 34.3 to 24.11, suggesting a decrease in selling pressure. If the +DI crosses above the -DI, it could confirm the start of a new uptrend. Furthermore, the Chaikin Money Flow (CMF) indicator has reached 0.07, indicating investors returning to the market. ONDO, after dropping to a price floor of $0.79, its lowest level in recent months, has shown a strong comeback. This growth signals buyer entry, but the overall trend remains uncertain, with significant resistance levels ahead. If ONDO can break the $0.90 level with strength, there is a possibility of price increase to $0.99. Continuing this bullish trend could even push the price to $1.08 or optimistically to $1.20. However, failing to maintain the uptrend could lead the price to drop back to the $0.73 range. In more bearish conditions, increased selling pressure could even bring ONDO price below $0.70.
