Ondo is rising today: what traders are watching

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Ondo Surges 12.49% Today

Highlights

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Anton Kharitonov, expert at Traders Union, identifies persistent technical weakness in ONDO as price remains below all major moving averages. He highlights bearish momentum in both the MACD and ADX, while noting intraday optimism appears fragile given an overbought Stochastic RSI. Kharitonov is skeptical about the recent upward move, viewing it as a temporary retracement within a broader downtrend. He cautions there is no supportive news flow to boost fundamental sentiment. "A sustained rebound from current levels looks unlikely, and downside risks dominate unless ONDO overcomes $0.70 resistance."

Viktoras Karapetjanc, expert at Traders Union, is positive about ONDO’s intraday price surge and the strong opening momentum. He observes buyers are actively testing resistance and sees potential for further growth if ONDO breaks above the Ichimoku Kijun and MA-20. Karapetjanc remains confident in market structure, looking past lack of news as a short-term issue. "Bullish setups remain attractive — a move beyond $0.70 could energize new buyers and unlock higher ranges toward $0.80."

Jainam Mehta, market strategist, sees a technical tug-of-war as ONDO attempts to recover within a prevailing downtrend. He notes possible range-trading opportunities under $0.70 while volatility remains elevated. Mehta suggests contrarians can watch for a reversal signal if ONDO holds above short-term support. "If signs of consolidation strengthen, tactical entries for mean reversion could work in tight ranges between $0.65 and $0.70."

Mixed intraday signals as resistance and bearish momentum converge

The closest dynamic resistance is the Ichimoku Kijun at $0.6966, with MA-50 at $0.8042 as the next upside barrier. Support levels are now forming in the $0.65–$0.67 region. Momentum indicators show some divergence. MACD and ADX both point to a bearish bias, but intraday oscillators reveal mixed signals. RSI and CCI are in sell territory, while Stochastic RSI is overbought, warning of a possible short-term reversal or consolidation. The BBP indicator signals buyers are attempting to dominate intraday momentum, despite the Awesome Oscillator remaining negative.

Last time we reported that technical indicators suggested a prevailing bearish trend and further downside was probable. The report emphasized the likelihood of a price increase remained very low, with momentum signals remaining mixed.

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.