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Category: CRYPTO NEWS
The post ONDO Price Holds 22% Gains but Struggles to Break Key Levels appeared on BitcoinEthereumNews.com. Ondo Finance (ONDO) price has been in a consolidation phase over the past few days, but it remains up 20% in the last 30 days, solidifying its position as one of the most relevant RWA (Real-World Assets) tokens in the market. Despite its recent lack of momentum, ONDO continues to hold a $4.2 billion market cap. Key indicators suggest uncertainty, with trend strength weakening and buying pressure fading. Whether ONDO breaks out of its range or continues consolidating will depend on its ability to regain momentum in the coming sessions. ONDO DMI Shows Lack of a Clear Trend ONDO DMI chart shows an ADX of 10.7, remaining below 15 for five consecutive days, signaling extremely weak trend strength. The ADX (Average Directional Index) measures trend strength rather than direction, with values below 20 typically indicating a lack of a strong trend and above 25 suggesting a more established movement. Since ONDO’s ADX has stayed low for several days, it confirms the market is in consolidation, with no clear bullish or bearish momentum. ONDO DMI. Source: TradingView. Meanwhile, the +DI has dropped from 24.2 to 19.7, while the -DI has risen from 12.8 to 16.6, showing a slight shift in directional strength but no decisive breakout. Although these movements suggest some shifts in buying and selling pressure, both indicators appear to be stabilizing. This aligns with ONDO current sideways price action, where neither buyers nor sellers have full control. Until ADX rises above 20, a strong trend is unlikely, and ONDO may continue consolidating in the short term. ONDO CMF Struggles to Stay Positive ONDO CMF is currently at 0.01, dropping from 0.1 in the past day after spending nearly two weeks in negative territory between January 31 and February 10. The Chaikin Money Flow (CMF) measures buying and selling pressure…
2025-02-13T03:41:12+00:00