In the past 24 hours, the digital currency ONDO Finance (ONDO) has seen over 4% growth and its trading volume has increased by nearly 13%. This growth comes as Mantra (OM) experiences a significant fall, prompting investors to shift their capital to other projects related to real-world assets like ONDO. Currently, ONDO has become the third major token in the RWA sector. Technical indicators suggest ONDO is entering an upward trend. Recent Exponential Moving Average (EMA) crossovers are considered a sign of a new uptrend. However, the Directional Movement Index (DMI) has decreased from 36 to 28, indicating a slowing trend momentum. Despite still being above 25, the decrease suggests a possible market consolidation or uncertainty phase. On the other hand, the +DI indicator for buying pressure has increased from 21.1 to 25.17, while the -DI for selling pressure has decreased from 18.86 to 14.36. These factors show that despite a decrease in overall trend strength, short-term buying pressure is recovering. Additionally, the Chaikin Money Flow (CMF) indicator has improved from -0.17 to -0.06, indicating reduced selling pressure and a gradual return of buyers to the market. If ONDO’s price surpasses the $0.956 resistance, it may grow to the $1.20 level. However, if the price drops below the $0.82 support, selling pressure could increase, causing the price to first drop to $0.73 and then to $0.66. Check the real-time prices of all digital tokens and cryptocurrencies on the live price page.
