Oondo Finance (ONDO) has increased by almost 7 % in the past 24 hours, in an attempt to restore the maximum market of $ 3 billion after a sharp correction of 38 % over the past thirty days. The last price recovery indicates a possible transformation in the direction, but the main resistance levels must be broken for confirmation.
Indicators such as DMI and CMF show that the sale pressure fades while increasing the purchase of interest. If ONDo exceeds $ 0.90, this may collect about $ 1.08 and up to $ 1.20. However, failure to maintain momentum can lead to another drop to less than $ 0.70.
Oondo DMI shows that cutting can return soon
Oondo’s ADX is currently at 33.8, a decrease from 40.5 yesterday. This indicates that although the declining trend is still strong, its intensity has begun to weaken.
ADX (average trend) measures trend strength on a scale from 0 to 100, with values above 25 indicates a strong direction and values less than 20, which indicates a weak or underestimated market.
Since Ondo Finance is still much higher than 25, the downward trend remains dominant, but the decline indicates that the momentum may slow down.
Meanwhile, +Di +rose to 21.9 out of 11.18, while -Di decreased from 34.3 to 24.11, indicating that the pressure pressure fades while increasing the pressure.
However, since the -Di is still slightly higher than Di +, the downward trend is still in place. If +Di continues to height and cross -di, it may confirm a shift in momentum, which may indicate the reflection of the direction.
Until then, Ondo Finance remains in the landmark, but the bulls acquire the land.
Oondo Finance CMF has increased in the past three days
Oondo’s Chaikin Money Flow (CMF) is currently at 0.07, and recovers from the lowest negative level of -0.32 just three days ago.
CMF measures the purchase and sale of sale pressure by analyzing both the price and size, with values higher than 0 indicating accumulation (purchase pressure) and values less than 0 signal distribution (sale pressure).
CMF above 0.05 indicates an increase in bullish momentum, while long negative readings are often in line with bends.
Oondo Finance CMF turned to positive yesterday after spending two consecutive days in negative lands, indicating an increased purchase pressure.
With CMF now at 0.07, capital flows return, which may support more price recovery. However, since the value is still relatively low, a continuous purchase is required to confirm the strong upward trend.
If CMF continues to rise, this may indicate a stronger accumulation, which may lead to outbreak, and create Oondo among the best asset currencies in the world in the market.
Will Ondo restore one dollar soon?
Oondo is currently recovering after declining to less than $ 0.79 for the first time in months, after a wider correction across the main coins in RWA in the last 30 days.
The recent bounce indicates that buyers intervene, but the trend is still uncertain, with major resistance levels.
If it ends above $ 0.90, it may continue to rise about $ 0.99, and the additional closure can send it to $ 1.08 or even $ 1.20.
However, if the bullish direction and the sale of pressure revenue fail, the price of the UNDo may decrease to $ 0.73, with a decrease in the risk of a decrease of $ 0.70 for the first time since November 2024.
Disintegration
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