ONDO (ONDO) is Showing Renewed Strength, Up More Than 4% in the Last 24 Hours

This shift in capital appears to be favoring other RWA-focused projects like ONDO, which is now gaining momentum across several technical indicators.

RWA coin Ondo Finance (ONDO) is showing renewed strength today, advancing more than 4% in the last 24 hours and trading volume soared nearly 13% following the collapse of the MANTRA’s OM token.

This shift in capital appears to be favoring other RWA coins and RWA-focused projects like ONDO, which is now showing promise on several technical indicators.

A golden cross has just formed on the EMA lines, while both the DMI and CMF suggest growing bullish pressure and fading selling interest.

As sentiment recovers, ONDO could be gearing up for a breakout toward the $1.20 mark if key resistance levels are cleared.

ONDO DMI Chart Shows Buyers Are In Control

On the DMI chart, we can see that ADX has declined to 28, down from 36 two days ago, indicating that the strength of the recent trend is beginning to fade.

An ADX value above 25 still suggests a relatively strong trend in place, but the drop from the highs indicates that momentum is waning after a period of sustained directional movement.

This shift could mean that the market is entering a phase of consolidation or hesitation as traders reassess the next move.

The +DI is currently at 25.17—up from 21.1 yesterday but still down from 31.18 two days ago, while the -DI has dropped to 14.36 from 18.86 yesterday, though it remains higher than its 10.56 reading from two days ago.

This combination suggests that bullish pressure is returning in the short term.

For the RWA coin, this could mean a potential recovery attempt is forming, but unless ADX stabilizes or rises again, the trend may remain fragile and susceptible to quick reversals.

ONDO CMF Is Growing After Touching -0.17

The Chaikin Money Flow is currently at -0.06, having quickly recovered from -0.17 just one day ago.

The CMF is a volume-based indicator that measures the buying and selling pressure of an asset over time, using both price movement and trading volume to provide insights into the strength of market participants.

Values above 0 indicate net buying pressure, while values below 0 reflect net selling pressure, ultimately helping to gauge the strength of market sentiment.

Although the RWA coin’s CMF remains slightly negative, the rapid shift toward the zero line suggests that selling pressure has weakened significantly, and perhaps buying interest may be starting to return.

This surge could be linked to a shift in investor sentiment following the collapse of MANTRA’s OM token, as capital may be rotating to other RWA coins like ONDO.

While the current CMF reading still shows a cautious tone, the upward move signals improving market confidence that, if sustained, could support a further price recovery.

Will ONDO Reclaim $1.20 Soon?

The EMA lines have just formed a golden cross, a bullish signal that often marks the beginning of a fresh upward trend.

This technical development suggests growing upward momentum, with a potential test of the $0.956 resistance level likely in the near term.

If that resistance is broken, ONDO could gain further traction and rally toward the $1.20 mark, reinforcing bullish sentiment and drawing in more buyers.

However, if the RWA coin fails to maintain its current momentum and the price drops below the key support at $0.82, selling pressure could quickly return.

A breakdown below that level could lead to a deeper correction toward $0.73, and if that zone doesn’t hold, it may slide further to $0.66.