CandleFocus

ONDO Price Holds 20% Monthly Gains but Struggles to Regain Momentum

ONDO Price Holds 20% Monthly Gains but Struggles to Regain Momentum
The price of Ondo Finance (ONDO) has been consolidating recently but is still up 20% in the last 30 days, making it one of the leading Real-World Assets (RWA) tokens. Key indicators suggest uncertainty, with weakening trend strength and fading buying pressure. The ADX and CMF charts indicate a lack of clear bullish or bearish momentum, with ONDO likely to continue consolidating until a strong trend is established. The price has been trading within a tight range, signaling indecisiveness in the market. If ONDO establishes an uptrend, it could test resistance at $1.49, but if bearish pressure increases, the price could decline further towards $1.00.

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