+8.61% for ONDO — momentum lags but short-term rebound expected

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Ondo rises 8.61% today on gains

Highlights

Ondo (ONDO) trades at $0.6322, remaining below its MA-20 ($0.6994), MA-50 ($0.8123), and MA-200 ($0.8920), signaling persistent downside pressure.
MACD, ADX, negative Bull/Bear Power, and a bearish Awesome Oscillator confirm weak daily momentum, while RSI, Stoch RSI, and CCI indicate ONDO may be oversold.
ONDO is expected to fluctuate between $0.0004 and $0.6130 over the next five days, with less than a 20% chance of a sustained price increase.

Oversold momentum attracts rebound risk amid continued selling pressure

Daily momentum remains weak for ONDO, with bearish signals indicated by both MACD and ADX. However, RSI, Stoch RSI, and CCI point to oversold conditions, suggesting the potential for short-term rebounds. Sellers continue to dominate the intraday picture, as seen by negative Bull/Bear Power and a bearish Awesome Oscillator reading, although price is currently pushing toward the high end of today's volatile range.

Further declines favored as oversold signals battle bearish trend

Over the next five trading days, ONDO is likely to fluctuate between $0.0004 and $0.6130. A further price decline is more probable, given less than a 20% probability of a sustained increase. Sideways consolidation may occur as oversold signals attempt to slow downside momentum, but a move above $0.6966 would be required for a bullish reversal. If support fails and momentum stays negative, additional losses are likely, although brief relief rallies may emerge as technicals rebalance.

Anton Kharitonov, expert at Traders Union, sees ONDO in a distinctly bearish technical position, with price suppressed below all key moving averages and sellers maintaining control. While some short-term relief is theoretically possible due to oversold readings, the technical setup points to further downside unless a decisive move above $0.6966 emerges. Kharitonov maintains a defensive outlook, emphasizing that any rebounds are likely to be temporary within an overall downtrend. "Until ONDO reclaims $0.6966, I remain cautious — this is a market where further losses cannot be ruled out."

Previously it was noted that there was a very low probability of a sustained price increase, with technical indicators confirming a prevailing bearish trend. The report emphasized further decline risk as narrow trading range limits upside.

Source of Data: ONDO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.