After the correction phase, the other shows stimulating signs of interest. Find our complete analysis and technical perspective Ondo.
In short
- Technical analysis: Ondo develops in a bull context, supported by price progression, increase in volume and momentum in recovery. Ascending dynamics is maintained on all horizons.
- Key levels: Ondo displays upper dynamics above $ 0.97, after break at $ 0.95, with the main resistors to $ 1.13, $ 1.24 and $ 1.66 in sight.
- Derivative analysis: Ondo is experiencing a renewed interest with an increase in open interest, sales absorption on CVD, low liquidation on the short side and neutral financing, which translates a balanced but permanent market.
- Forecasts: Ondo retains distortion over $ 0.88, with a potential of +114 %, but the rupture could lead to a decrease to -45 %. Macroeconomic factors will be crucial.
Technical analysis Ondo
| Indicator | State | Comment |
| Spot price | ≈ 0.965 $ | After the progression phase, the market is stabilized around this level. |
| The latest weekly variations | ≈ + 21 % | Increase during the week, reflecting a strong restored interest of the buyer. |
| The latest weekly volumes | ~ 557 m (+46 %) | Activity intensifies strongly and signals a significant commitment to the market. |
| Trend with a long term (SMA 200) | Up | The long -term trend remains up and develops constructively. |
| Middle Trend (SMA 50) | Up | Progression continues with an upward structure. The main dynamics remains positive. |
| Short -term trend (SMA 20) | Up | The movement remains up despite a slight recent withdrawal. |
| Mobility | Recovery | Increasing oscillators translate dynamics into restart. |
The spot price is around $ 0.965, stabilizing after a high weekly increase of +21 %. The volumes clearly progress (+46 %), reflecting the revival of activity in the week. The main dynamics is ascending and trends are leveled up on long, medium and short -term horizons. In the short term, a slight phase of the withdrawal is observed, without questioning general movement. Momentum is obtained, carried by a gradual restart of dynamics.
Technical level Ondo
| Indicator | State | Comment |
| Resistance | 1.13 $ / 1.24 $ / 1.66 $ / $ 2.14 (ATH) | Critical areas, potential Prague distribution. |
| Support | 0.97 $ / 0.8 $ / 0.66 $ | Main levels of defense, probable accumulation zone. |
| The last daily break | 0.95 $ | Cross resistance; Strengthening the bias. |
| Monthly beer | 0.87 $ | Reference level for the trend of the month under the course. |
| High -value area | 1.32 $ | High volume area; The upper terminal of the market balance, which may occur imbalance. |
| Low -value area | 0.87 $ | High volume area; Low limit of market balance, which may occur imbalance. |
At the technical level, Ondo develops above several key supports placed on 0.97, $ 0.80 and $ 0.66, which represents potential storage areas. The recent daily break of $ 0.95 strengthens distortion distortion, supported by the location above the lunar swivel point to $ 0.87. Resistors at $ 1.13, $ 1.24, $ 1.66 and $ 2.14 (ATH) represent potential thresholds of distribution. As regards the market structure, the area with a low value of $ 0.87 and the area with a high value to $ 1.32 defines a volume balance, the rupture of which could cause a new directional imbalance.
The current technical analysis was carried out in cooperation with ElyfeAND 0xhugzerInvestors and popularizers on the cryptocurrency market.
Derivative analysis (Ondo/USDT)
| Indicator | State | Comment |
| Open interest | Increase | There is speculative activity, testifies to the renewed interest. |
| CVD | Trade | The deviation showing the presence of sellers, absorbed by passive buyers. |
| Disposal | Weak, side side | Remarkable disposal on the short side, sign of a slight surrender of sellers. |
| Financing rate | Neutral | Stable rate: absence of imbalances between buyers and sellers. No speculative excess. |
Ondo shows clear signs of renewed interest, illustrated by increasing open interest, reflecting speculative ongoing activity. At the same time, the CVD emphasizes the sales absorption, suggesting that the sales pressure is contained in passive buyers and testifies to a certain strength of support. Disposal, albeit low, mainly affects short positions that can convert a slight surrender of sellers. Finally, the spleen of financing remains neutral and signals a balance between buyers and sellers, without apparent speculative surplus.
| Indicator | State | Comment |
| Sale of liquidation zone | ≈ 1.208 – 1.22 $ / 1.33 $ / 1.35 $ | Order concentration; Achieving these levels could lead to the acceleration of volatility. |
| Buyer liquidation area | ≈ 0.83 $ – 0.78 $ / 0.67 $ – 0.70 $ | Order concentration; Achieving these levels could lead to the acceleration of volatility. |
Several seller zones are identified, the most important of which is around $ 1.208 for $ 1.22, $ 1.33 and $ 1.35. These levels focus on a high volume of orders and could cause a significant increase in volatility in the event of a transition. On the contrary, the buyer’s liquidation zone excels significantly, between 0.83 and 0.78 USD, accompanied by another smaller area of about 0.67 to 0.70 USD, can also lead to the acceleration of volatility.
Forecasts for the course of Ondo
Haussier Screenplay:
- Conditions: Maintenance over $ 0.88.
- Objectives: 1.13 $ / 1.24 $ / 1.65 $ / 2.15 (ATH)
- Potential: approximately +114 % from the current level.
Lower scenario:
- Conditions: interruption of support to $ 0.88.
- Objectives: 0.66 $ / 0.58 $ / 0.54 $.
- Potential: a reduction of -45 %.
Comment:
The bias seems to be bullied without excluding a possible short -term correction. Future macroeconomic indicators could play a key role in validation or invalidating these scenarios.
Conclusion
Ondo shows signs of recovery after the consolidation phase with anchored dynamics up. The market remains supported by a revival of interest and a beneficial technical structure. As long as the main level of support is held, the distortion remains on the rise. In the event of a break, vigilance remains, especially in the macroeconomic context, which is still uncertain. In this context, it will be necessary to carefully monitor the strategic price response to confirm or modify the current forecasts.
Finally, remember that these analyzes are only based on technical criteria and that cryptocurrencies can develop rapidly according to other basic factors.
Are you interested in this study? Find our latest Ethereum analysis.
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Elyfe specialist in technical analysis decrypts graphic trends on the markets of cryptocurrencies with strict and constantly evolving approach. Through its detailed analyzes, it brings an enlightened view of prices dynamics, helps investors and enthusiasts better understand and predict market movements.
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