Alvin Lang
Jul 22, 2025 03:11
Ondo (ONDO) trades at $1.07 with RSI hitting 74.89, signaling potential pullback regardless of sturdy bullish momentum persevering with throughout all timeframes.
Fast Take
• ONDO at the moment buying and selling at $1.07 (+1.36% in 24h)
• Ondo’s RSI reaches overbought territory at 74.89, suggesting potential short-term correction
• Sturdy bullish momentum persists with value buying and selling close to 52-week highs
What’s Driving Ondo Value In the present day?
The ONDO value motion over the previous 24 hours displays continued institutional curiosity in real-world asset (RWA) tokenization, Ondo’s major use case. Whereas no main information catalysts emerged previously week, the sustained shopping for stress suggests ongoing accumulation by long-term traders positioning for the increasing tokenized securities market.
Ondo’s constant efficiency above key shifting averages signifies sturdy underlying demand, with the token sustaining its place as a number one participant within the bridge between conventional finance and decentralized finance protocols.
ONDO Technical Evaluation: Overbought Indicators Emerge
Based mostly on Binance spot market information, Ondo technical evaluation reveals a fancy image of energy blended with warning indicators. Essentially the most outstanding indicator is ONDO RSI reaching 74.89, effectively above the standard overbought threshold of 70. This implies the current rally could face near-term resistance as momentum merchants think about profit-taking alternatives.
Nonetheless, the broader technical construction stays bullish. Ondo’s MACD reveals optimistic momentum with the primary line at 0.0700 buying and selling above the sign line at 0.0505, producing a bullish histogram studying of 0.0195. This means the underlying pattern energy continues regardless of overbought situations.
The Stochastic oscillator reinforces the overbought narrative, with Ondo’s %Okay at 84.32 and %D at 85.32, each signaling potential short-term consolidation. The ONDO/USDT pair’s place relative to Bollinger Bands at 0.8977 reveals value buying and selling close to the higher band resistance of $1.12, suggesting restricted upside room within the quick time period.
Ondo Value Ranges: Key Assist and Resistance
Vital Ondo assist ranges emerge at $1.08 (pivot level) and $0.76 (quick assist), with sturdy assist holding at $0.62. These ranges turn out to be essential if profit-taking materializes from present overbought situations.
On the upside, ONDO resistance sits firmly at $1.13, representing each the 24-hour excessive and quick resistance degree. A break above this degree may goal the 52-week excessive of $1.10, although this seems counterintuitive given present overbought readings.
The day by day ATR of $0.07 suggests merchants ought to anticipate reasonable volatility, with typical day by day strikes ranging round 6-7% from present ranges. This volatility measure helps the case for potential pullbacks from resistance zones.
Ought to You Purchase ONDO Now? Threat-Reward Evaluation
For swing merchants, the present ONDO value presents a difficult entry level given the overbought RSI situations. A extra prudent method would contain ready for a pullback towards Ondo assist ranges round $0.76-$1.08 vary, the place risk-reward ratios enhance considerably.
Lengthy-term traders could view any weak point as accumulation alternatives, notably given Ondo’s place within the increasing RWA tokenization sector. Nonetheless, quick patrons ought to put together for potential 10-15% corrections given the technical warning indicators.
Day merchants ought to give attention to the $1.13 resistance degree for brief alternatives, with stops above the 52-week excessive. Conversely, any break under the pivot at $1.08 may set off momentum promoting towards the $0.76 assist zone.
Place sizing turns into important at these ranges, with really useful danger administration retaining publicity below 2-3% of portfolio worth given the elevated technical dangers.
Conclusion
The ONDO value faces a important juncture as bullish momentum meets overbought technical situations. Whereas the general pattern stays very sturdy bullish, merchants ought to train warning over the subsequent 24-48 hours as RSI ranges recommend potential consolidation or pullback. The important thing degree to look at is $1.13 resistance – a decisive break may lengthen positive factors regardless of overbought warnings, whereas rejection could set off the anticipated technical correction towards Ondo assist ranges.
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