Ondo Finance is Trading -25.17% Below Our Price Prediction for Apr 24, 2024

Table of Contents

• ONDO price is expected to rise by 30.37% in the next 5 days according to our Ondo Finance price prediction
• ONDO Price Prediction Chart
• What has been going on with Ondo Finance in the last 30 days
• Ondo Finance technical analysis for today - Apr 19, 2024
• Bearish sentiment for Ondo Finance
• Crypto market is currently experiencing Greed
• Ondo Finance moving averages & oscillators
• The bottom line about this Ondo Finance prediction

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Ondo Finance is down -5.68% today against the US Dollar
• ONDO/BTC decreased by -7.09% today
• ONDO/ETH decreased by -6.80% today
• Ondo Finance is currently trading 25.17% below our prediction on Apr 24, 2024
• Ondo Finance gained 36.44% in the last month and is up 237.67% since 1 year ago

ONDO price is expected to rise by 30.37% in the next 5 days according to our Ondo Finance price prediction

Ondo Finance price today is trading at $ 0.765548 after losing -5.68% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.31% in the same time period. ONDO performed poorly against BTC today and recorded a -7.09% loss against the world’s largest cryptocurrency.

According to our Ondo Finance price prediction, ONDO is expected to reach a price of $ 1.02 by Apr 24, 2024. This would represent a 30.37% price increase for ONDO in the next 5 days.

ONDO Price Prediction Chart

Buy/Sell Ondo Finance

What has been going on with Ondo Finance in the last 30 days

Ondo Finance has been displaying a positive trend recently, as the coin gained 36.44% in the last 30-days. The medium-term trend for Ondo Finance has been bullish, with ONDO increasing by 237.67% in the last 3 months. The long-term picture for Ondo Finance has been positive, as ONDO is currently displaying a 237.67% 1-year price change. On this day last year, ONDO was trading at $ 0.226718.

Ondo Finance reached its all-time high price on Mar 31, 2024, when the price of ONDO peaked at $ 1.05. The current ONDO cycle high is $ 1.02, while the cycle low is at $ 0.641755. ONDO has been displaying high volatility recently – the 1-month volatility of the coin is at 12.62. Ondo Finance recorded 17 green days in the last 30 days.

Ondo Finance technical analysis for today - Apr 19, 2024

The sentiment in the Ondo Finance markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.739639, $ 0.714147 and $ 0.673798, while $ 0.805480, $ 0.845829 and $ 0.871321 are the key resistance levels.

Bearish sentiment for Ondo Finance

2 indicators are currently signaling a bullish prediction for Ondo Finance, while 16 indicators are showing a bearish forecast. With 89% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Ondo Finance.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 66 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ondo Finance moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ondo Finance is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ondo Finance is at 51.93, suggesting that ONDO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ondo Finance over the last 50 days. Currently, Ondo Finance is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ONDO closing price for the last 200 days. ONDO is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Ondo Finance prediction

After considering the above factors, we can conclude that the current forecast for Ondo Finance price prediction is Bearish. ONDO would have to increase by 30.37% to hit our $ 1.02 target within the next five days. Moving forward, it will be important to monitor the ONDO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ondo Finance price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.