Ondo Finance (ONDO), a major player in the real-world asset (RWA) sector, experienced a brief surge of almost 20%, but the gains were reversed within 24 hours. Technical indicators suggest a slowdown in momentum and whale activity has declined for the first time in over two weeks. The Relative Strength Index (RSI) briefly reached overbought conditions before cooling off, indicating a potential pullback. The number of ONDO whales, large holders that can impact price movements, has decreased, potentially leading to selling pressure. The short-term price movement of ONDO will depend on whether the current pullback stabilizes or deepens, with support levels at $0.95, $0.90, and $0.88. However, if bullish sentiment returns and ONDO is added to the US strategic crypto reserve, it could regain momentum and break through resistance levels.



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