ONDO Finance Token Shows Strong Rebound Potential Amid Market Surge
Ondo Finance (ONDO) is displaying robust technical signals indicating a possible rebound toward the $1–$1.10 range. The token has established support at a critical demand zone, historically known for sparking significant price recoveries. Market activity is surging, with a 500% increase in 24-hour DEX trading volume.
Despite weak momentum indicators—RSI at 40 and bearish MACD signals—analysts remain bullish. Resistance is noted NEAR $0.89–$1.01, but growing investor interest is evident as ONDO's price rose 7.11% in the past 24 hours. At press time, the token trades at $0.6880 with a $164 million daily volume and a $2.17 billion market cap.
CryptoPulse highlights ONDO's oversold conditions on weekly charts, noting its firm hold at a demand zone that previously triggered major bounces. 'Price is holding firm at its weekly demand zone, a level that’s sparked major recoveries before,' the analyst noted.
