ONDO Attempts To Reclaim a $3 Billion Market Cap After Sharp 38% Correction

ONDO is up nearly 7% in the last 24 hours, attempting to reclaim a $3 billion market cap after a sharp 38% correction

Ondo Finance (ONDO) has risen by nearly 7% over the past 24 hours, attempting to reclaim a $3 billion market cap following a sharp 38% correction over the past 30 days.

Ondo Finance (ONDO) has risen by nearly 7% over the past 24 hours, attempting to reclaim a $3 billion market cap following a sharp 38% correction over the past 30 days.

The recent price recovery suggests that a trend shift might be unfolding, but for this to be confirmed, key resistance levels will need to be broken.

As the DMI shows, the ADX is decreasing, now standing at 33.8 compared to 40.5 yesterday. This indicates that while the downtrend remains present, its intensity is starting to lessen.

As the DMI shows, the ADX is decreasing, now standing at 33.8 compared to 40.5 yesterday. This indicates that while the downtrend remains present, its intensity is starting to lessen.

The ADX (Average Directional Index) is used to measure trend strength on a scale from 0 to 100, with values above 25 signaling a strong trend and values below 20 suggesting a weak or non-trending market. Since Ondo Finance ADX is still well above 25, the bearish trend remains dominant, but the decline suggests that momentum could be slowing.

Moreover, the +DI has increased to 21.9 from 11.18, whereas the -DI has decreased from 34.3 to 24.11, highlighting that selling pressure is diminishing while buying pressure is increasing.

Moreover, the +DI has increased to 21.9 from 11.18, whereas the -DI has decreased from 34.3 to 24.11, highlighting that selling pressure is diminishing while buying pressure is increasing.

However, as -DI remains slightly above +DI, the downtrend is still in place. If +DI continues rising and crosses above -DI, it could confirm a shift in momentum, potentially signaling a trend reversal.

However, as -DI remains slightly above +DI, the downtrend is still in place. If +DI continues rising and crosses above -DI, it could confirm a shift in momentum, potentially signaling a trend reversal.

Until then, Ondo Finance remains in a downtrend, but bulls are gaining ground.

Ondo Finance CMF Surged In The Last Three Days

ONDO’s Chaikin Money Flow (CMF) is currently at 0.07, recovering from a negative low of -0.32 just three days ago.

ONDO’s Chaikin Money Flow (CMF) is currently at 0.07, recovering from a negative low of -0.32 just three days ago.

The CMF indicator measures buying and selling pressure by analyzing both price and volume, with values above 0 indicating accumulation (buying pressure) and values below 0 signaling distribution (selling pressure).

The CMF indicator measures buying and selling pressure by analyzing both price and volume, with values above 0 indicating accumulation (buying pressure) and values below 0 signaling distribution (selling pressure).

A CMF above 0.05 suggests growing bullish momentum, while prolonged negative readings often align with downtrends.

Ondo Finance CMF turned positive yesterday after spending two consecutive days in negative territory, signaling that buying pressure is increasing.

Ondo Finance CMF turned positive yesterday after spending two consecutive days in negative territory, signaling that buying pressure is increasing.

With CMF now at 0.07, capital inflows are returning, which could support further price recovery. However, since the value is still relatively low, sustained buying volume is needed to confirm a strong uptrend.

If CMF continues rising, it could indicate stronger accumulation, potentially leading to a breakout, establishing ONDO among the top Real-World Assets coins in the market.

Will ONDO Reclaim $1 Soon?

ONDO is currently recovering after dipping below $0.79 for the first time in months, following a broader correction across major RWA coins in the last 30 days.

ONDO is currently recovering after dipping below $0.79 for the first time in months, following a broader correction across major RWA coins in the last 30 days.

The recent bounce suggests buyers are stepping in, but the trend remains uncertain, with key resistance levels ahead.

If it breaks above $0.90, it could continue rising toward $0.99, and a further breakout could send it to $1.08 or even $1.20.

If it breaks above $0.90, it could continue rising toward $0.99, and a further breakout could send it to $1.08 or even $1.20.

However, if the uptrend fails and selling pressure returns, ONDO price could drop to $0.73, with the risk of falling below $0.70 for the first time since November 2024.