ONDO TVL Reaches Record Highs, Indicating Strong Accumulation
- Record TVL: ONDO's total value locked (TVL) has reached $2.52 billion, reflecting a 31% monthly increase, indicating strong capital inflows and enhanced trust in the protocol despite ongoing price declines.
- Rising User Engagement: User participation in lending and tokenized yield products continues to expand, suggesting that market participants maintain high conviction for long-term positioning rather than speculation during uncertain times.
- Technical Stability: Daily charts reveal a right-angled descending broadening wedge, with price finding support near $0.32; however, upside potential remains limited until a breakout above the strong resistance at $0.497 occurs.
- Divergence in Sentiment and Data: While ONDO trades near cycle lows, network metrics are reaching new peaks, indicating strong fundamentals; markets rarely ignore such divergence for long, suggesting that prices may soon align with underlying data.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0898 | 0.146 | 0.208 | 0.264 | 0.327 | 0.383 | 0.446 |
| Fibonacci | 0.146 | 0.191 | 0.219 | 0.264 | 0.31 | 0.338 | 0.383 |
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