Ondo: persistent sell signals led to 8.99% daily decline

Traders Union
All News
Crypto News
Ondo slides 8.99% today

Highlights

ONDO trades at $0.4644, below its MA-20 ($0.5355), MA-50 ($0.6408), and MA-200 ($0.8451), indicating persistent sell pressure across all timeframes.
Daily MACD signals a 'Strong Sell', ADX reads 42.5 confirming a strong bearish trend, and RSI values remain bearish but not oversold, while Stoch RSI shows overbought divergence.
With an 8.99% daily loss and strong seller momentum, ONDO is expected to range between $0.4200 and $0.5100 over the next five trading days with less than 20 probability of a price increase.

Divergent oscillators amid persistent bearish momentum and lost support

Momentum signals remain strongly bearish, with MACD on the daily chart posting a "Strong Sell" and ADX at a robust 42.5, confirming a prevailing downward trend. Daily RSI is at 37.8, with W1 at 34.6, both in bearish territory but not yet deeply oversold, while Stoch RSI shows overbought conditions even as CCI is neutral; this signals a divergence in oscillator readings. BBP is negative, indicating sellers remain in control intraday. The nearest dynamic resistance is at the Ichimoku Kijun level of $0.5749, while there is no immediate support shown by the moving averages or Ichimoku, highlighting continued downside risk.

Further downside risk as sell signals eclipse recovery odds

For the next five trading days, ONDO is expected to trade within the $0.4200 to $0.5100 band, based on typical volatility and recent price dynamics. There is a low probability (less than 20%) for a price increase, with a further decline more likely as persistent "Sell" signals continue from W1 moving averages, RSI, and MACD. Price stabilization within this corridor is the baseline scenario, with a bullish case requiring a breakout above $0.5749 (Ichimoku resistance). If ONDO closes below $0.4200, a deeper downtrend could accelerate.

Anton Kharitonov, expert at Traders Union, notes a clear dominance of technical selling pressure as ONDO trades below key moving averages with strong bearish momentum signals. He sees oscillators diverging but finds no substantial support nearby, increasing downside risk. With indicators and price action aligned to the downside, the analyst stays cautious. "Unless ONDO recaptures $0.5749, I see no reason to trust any bullish rebound here."

Previously it was noted that technical analysis reveals ONDO trades above the MA-20 but well below the MA-50 and MA-200, signaling ongoing medium- and long-term weakness despite a shorter-term positive move. The article also emphasized that downward momentum could accelerate if support fails, reflecting sustained bearish conditions.

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.