ONDO news: Arthur Hayes invests $41M — whale activity boosts sentiment despite lows
Ondo (ONDO) is trading at $0.721, well below the MA-20 at $0.8194, the MA-50 at $0.9086, and the MA-200 at $0.9026. This configuration confirms ongoing selling pressure in the short, medium, and long term, with the closest dynamic support at the Ichimoku Kijun around $0.6136 and resistance forming at the MA-20.
Highlights
- Ondo (ONDO) trades at $0.721, substantially below its MA-20 ($0.8194), MA-50 ($0.9086), and MA-200 ($0.9026), confirming persistent selling pressure across timeframes.
- Former BitMEX CEO Arthur Hayes revealed a $41 million investment in Ondo as Ethereum whales increase participation, supporting the asset’s hybrid finance approach and real-world asset expansion.
- Technical signals remain mixed with bearish momentum and a 7.23% daily price decline, while the five-day forecast projects a low probability of recovery, expecting ONDO to stay between $0.5951 and $0.6268.
Institutional inflows and whale activity bolster hybrid finance sentiment
Ethereum whales showed increased interest as former BitMEX CEO Arthur Hayes disclosed a $41 million investment in Ondo, reflecting growing market sentiment and liquidity for the asset. Ondo’s platform offers yield-based exposure to traditional financial assets via blockchain, supporting its hybrid finance approach. The ecosystem continues to expand in the Real-World Asset sector with products like USDY and OUSG backed by U.S. Treasuries, while future token unlocks could influence supply.
Diverging momentum cues amid oversold signals and persistent selling
Momentum signals remain mixed, with the D1 MACD showing bearish continuation while the ADX is strong and bullish, indicating a dominant trend but not confirming its direction. RSI (34.6) and CCI suggest the market is drifting into oversold territory, while Stoch RSI points to a potential short-term rebound. BBP indicates a neutral stance, revealing no decisive edge for buyers or sellers, although today’s move saw a swift 7.23% decline from the previous close, and the current price sits near the session’s low. There was a modest gap down at the open, and sharp volatility was present, with persistent downside pressure since the session began. A divergence emerges as oscillators hint at possible technical relief, yet short-term momentum retains a bearish bias and intraday weakness.
Continued decline risk as narrow trading range limits upside
The expected trading range for the next five days is $0.5951 to $0.6268, based on the weekly forecast. The probability of a price increase is very low (less than 20%), making further decline more likely. The baseline scenario calls for ONDO to trade sideways between $0.5951 and $0.6268. A bullish scenario would require a decisive move above $0.8194, turning resistance into support with potential for recovery. The bearish scenario envisions a sustained drop below $0.6136, targeting further downside if weekly support gives way.
Previously, it was highlighted that ONDO faced persistent resistance from sellers across multiple timeframes, with technical analysis suggesting downside risk. The report emphasized that the probability of further upside is low, making a downward move much more likely based on prevailing weekly indicators.
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