-7.03% for Ondo — price prediction weak amid technical selling pressure
Ondo Finance (ONDO) is currently trading at $0.9054, having slipped 7.03% on the day. The token sits below both the MA-20 ($0.9464) and MA-50 ($0.9551), but remains just above the MA-200 ($0.9071), highlighting notable short- and medium-term selling pressure.
Highlights
- Ondo Finance (ONDO) fell 7.03% to $0.9054, trading below its MA-20 and MA-50 but holding just above the MA-200 at $0.9071.
- Ondo completed its acquisition of Oasis Pro, enhancing control over tokenized securities and bolstering compliance for U.S.-regulated offerings, fueling TVL and revenue growth.
- Technical momentum remains mixed, with sellers dominating but conviction weak; ONDO is projected to trade sideways between $0.9562 and $1.0597, with under 20% chance of a price increase.
Vertical integration bolsters compliance amid surging TVL and revenues
The completion of Ondo's acquisition of Oasis Pro, a U.S.-regulated digital asset trading company, has positioned it to control the entire value chain for tokenized securities. This move strengthens its compliance capabilities and supports growth in the U.S. market for regulated tokenized offerings. Ondo's rapidly rising Total Value Locked (TVL) and substantial monthly revenue gains further reflect momentum stemming from these strategic developments.
Mixed momentum signals as MA-200 holds against weak trend
Technically, the MA-200 now acts as dynamic support at $0.9071, while the Ichimoku Kijun at $0.9963 is the closest resistance level to monitor. Momentum signals are mixed: the daily MACD points to strong selling and the ADX highlights weak trending conditions, while the RSI and Stoch RSI are near-neutral to moderately oversold. Neutral readings from Bull/Bear Power, CCI, and the Awesome Oscillator, along with moderate to high intraday volatility, suggest that sellers have dominated the session but the overall down move lacks strong conviction.
Sideways trading outlook as downside risk outweighs rebound odds
In the short-term, ONDO is expected to trade sideways within a range of $0.9562 to $1.0597, with continued weakness more likely and less than a 20% probability of a price increase. Key support remains at $0.9071. A bullish scenario would require a sustained breakout above $0.9963, while a decisive drop below $0.9071 could accelerate further losses.
Last time we reported that investor sentiment around Ondo remained strong as the project gained recognition in real-world asset tokenization. It was also noted that crypto whales accumulating ONDO tokens for potential October gains contributed to increased market focus and institutional confidence.
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