+7.01% for Ondo — price rebounds despite bearish trend across key averages

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Ondo rises 7.01% today

Highlights

Ondo (ONDO) trades at $0.6565, well below its MA-20 ($0.6974), MA-50 ($0.8042), and MA-200 ($0.8911), confirming persistent bearish momentum.
Momentum signals are mixed with MACD and RSI indicating ongoing bearish pressure, while oscillators reveal uncertainty and occasional intraday buyer presence.
Projected five-day range is $0.0456 to $0.6582, with under 20% probability of a price increase and bias for further downside unless ONDO breaks above $0.697 resistance.

Mixed momentum and uncertainty as major resistance holds

The nearest dynamic resistance is the MA-20 and Ichimoku Kijun around $0.697, while immediate support is formed by the HMA ($0.5975). Momentum signals are mixed — ADX confirms trend strength, but MACD and RSI point to ongoing bearish momentum. Oscillators highlight uncertainty: Stoch RSI is overbought, CCI and RSI signal selling, BBP hints at intraday buyer presence, while the Awesome Oscillator supports the bearish view. The current price sits near the lower end of the daily range, following a gap up open and moderate intraday volatility.

Bearish bias prevails as upside faces layered resistance

For the next five trading days, the projected range is $0.0456 to $0.6582. The likelihood of a price increase remains very low (below 20%), suggesting further downside is probable. The primary scenario is sideways action under resistance, while a bullish reversal above $0.697 could trigger buying, facing multiple resistance barriers. A bearish break under $0.5975 would likely drive renewed selling toward recent weekly lows.

Viktoras Karapetjanc, expert at Traders Union, notes the recent dominance of sellers as ONDO trades below all key moving averages. He observes that broad market sentiment remains cautious, with mixed signals from both momentum and oscillators. Despite the limited news flow, the underlying structure points to further downside risk, though volatility may offer tactical opportunities. Karapetjanc believes a sustained move above $0.697 could support buyers, but the primary scenario is continued range-bound trading under resistance. "While bearish control is clear, I remain constructive — any decisive recovery above resistance could quickly shift sentiment and drive renewed institutional interest in ONDO," he says.

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.