• ONDO Finance shows strong support at a critical demand zone, indicating a potential rebound toward $1–$1.10.
• 24-hour trading volume on DEX has surged 500%, indicating rising market participation and investor interest.
• RSI at 40 and bearish MACD signals show current momentum is weak, with resistance near $0.89–$1.01.

Ondo Finance (ONDO) is showing strong indications that it is due for a possible rebound, as it is supporting a critical resistance point. Technical analysts feel that buyers will enter the market soon, and there is a sharp increase in market activity. Analysts are optimistic about it gaining more momentum in the coming weeks.

At press time, ONDO is trading at $0.6880 with a 24-hour trading volume of $164 million and a market capitalization of $2.17 billion. Over the last 24 hours, the token price has surged 7.11%, signaling growing investor interest and potential bullish momentum.

Ondo Finance for Major Market Rebound

Crypto analyst CryptoPulse pointed out that for ONDO, it is actually supporting at a strong critical demand area on a weekly chart, which is a price zone that has been known to produce strong rebounds in the past. According to CryptoPulse, current indications on this chart are that there is over-selling.

The market can also benefit from external sources, such as this proposed plan for a $2,000 tax refund, which will increase market liquidity with subsequent demands for digital assets such as ONDO. If this trend continues, then price targets will be between $1 and $1.10.

ONDO Trading Volume Surges 500%

Weighing on the optimistic outlook, another analyst highlighted that the weekly volume on DEX for ONDO is up by 500%, which is a clear show of increasing market engagement. This means that more market players have now joined the market, which can fuel even more growth.

Overall, it seems that Ondo Finance has a bright future in terms of growth. Support levels, increasing trading volumes, and market situations all indicate a bright future for ONDO.

Also Read | Ethereum Recovers Above $3,300, Analysts Eye $6,000 Price Target

ONDO Struggles to Hold Bullish Ground

The current RSI for ONDO is 40.03. The indicator reveals low momentum because the force behind purchases has weakened. The force has not been strong enough to recover. The Moving Average Ribbon indicates resistance levels for ONDO at $0.89 and $1.01. The stock is held below significant averages.

At the same time, there is bearish momentum in the MACD chart, with the blue line positioned below the signal line. The blue line is positioned at 0.02734, which is below 0.03673. The histogram is negative, suggesting that there is dominance by sell orders. The closeness of the gap might indicate a healing process.

Also Read | Avalanche (AVAX) Price Outlook: Symmetrical Triangle Points to $120 Rally