Oondo faces remarkable negative pressure. More than 5 % have decreased in the past 24 hours and has been corrected over 19 % over the past thirty days. With the market ceiling now about $ 2.5 billion, the currency is less than competitors like Chainlink and Mantra in terms of the maximum market.
Modern technical indicators and whale behavior indicate that the current weakness may not end, despite the slight recovery in the momentum.
Oondo RSI recovers from excessive sales levels
The RSI (RSI) is currently sitting in 34 years after its recovery from a previous decline to 27.5. Just two days ago, the relative strength index was in 54.39, indicating how quickly the momentum has shifted.
RSI is a momentum oscillator that measures the speed and size of the recent price changes. It ranges from 0 to 100.
Readings of less than 30 years are usually exaggerated, which indicates that the original may be less than its value and this is due to the apostasy, while the readings that exceed 70 are seen as peak, indicating the possibility of withdrawal.
With RSI in ONDo now in 34 years, she has come out technically from the sales lands, but is still near the lower end of the scale. This indicates that although the most severe sale pressure may have been reduced, the market is still fragile, and the feelings are still cautious.
If RSI continues to recover and climb over 40 or 50, it may indicate a shift towards more bullish momentum.
However, if the sale of CVs and RSI decreases less than 30, this will indicate the renewal of negative risks and the possibility of low prices.
The whales recently stopped accumulating
The number of whales erupted in ONDo – which carries between one million and 10 million ONDo – in late March, from 188 to 195 between March 22 and March 26 before it decreased to 191 in recent days.
This whale activity style is important because these older bearers often affect market morale and price movements, with stages of accumulation or distribution, it is possible that the wider market trends will predict.
Pisces tracking provides valuable visions on how to put influential investors themselves, which may help predict the potential price procedures.
The whale whale failure to maintain penetration above 195 and the subsequent return to 191 can indicate a declining feeling among big investors.
This decline may indicate that the whales get profits or reduce exposure, which may create a declining price pressure on the Ondo in the short term.
When adult holders begin to reduce their positions after a period of accumulation, it precedes price corrections, indicating that Ondo may suffer from resistance in maintaining rising momentum until the confidence of the whale returns and resumes accumulation.
Will Oondo decrease to less than $ 0.70 for the first time since November?
EMA lines are aligned in a declining formation, indicating that the continuous declining trend may continue. If this weakness continues, Ondo may decrease to test the main support level at $ 0.73.
The break below will be large, which is likely to send the price less than $ 0.70 for the first time since November 2024.
The symbol was struggling to keep up with other metal coins in the real world (RWA) like a talisman, and this weak performance adds more pressure on ONDO’s short -term expectations.
However, if the feelings turned and Oondo is able to reverse its direction, then the first main level of its viewing is the resistance at $ 0.82.
The collapse above this level can lead to a wider recovery, with price targets at $ 0.90 and $ 0.95.
If the RWA sector as a whole regains the momentum, it may rise even up to the top of $ 1 and aims to the next main resistance at $ 1.23.
Disintegration
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