- A bullish TD Sequential signal is emerging, but resistance at $1.29 remains crucial.
- The increase in address and transaction activity signals potential accumulation ahead of a price recovery.
Since the peak is in December Ondo [ONDO] has corrected by almost 50%, resulting in a current trading price of $1.18, reflecting an increase of 3.09%, at the time of writing.
Despite this recovery, the Parabolic SAR remains above the price, indicating continued bearish pressure. Moreover, ONDO is struggling to regain the critical resistance at $1.29, with lower support forming near $1.18.
However, a bullish TD Sequential signal appears on the 3-day chart suggests that selling pressure may decrease. This could pave the way for a recovery if supported by increased market activity.
Therefore, traders should keep a close eye on how the price reacts to the descending trendline and key resistance levels in the coming days.
Source: TradingView
ONDO focuses on statistics: are investors showing interest?
Address activity shows a noticeable increase, indicating greater market participation. Over the past week, new addresses grew 16.54%, active addresses increased 39.39%, and zero-balance addresses increased 42.25%.
This growth reflects increased investor interest, likely fueled by ONDO’s sharp correction, making it more attractive for accumulation.
Furthermore, this increase in new addresses corresponds with increasing speculation about the token’s recovery potential. However, continued growth in address activity is essential to validate a bullish outlook.
If these trends continue, they could indicate increasing confidence among investors.
Source: IntoTheBlock
ONDO transaction count: an increase in network activity
ONDO’s number of transactions recently increased from 1,686 to 2,991, indicating a significant increase in network engagement. Historically, such peaks coincide with periods of increased accumulation, which often precede bullish price action.
This rise indicates that traders and investors are positioning themselves for a possible upward move. However, it is important to monitor whether this activity remains consistent or decreases.
Source: Santiment
Technical indicators: a challenging but hopeful prospect
Technical indicators present a mixed story. The DMI shows a dominant -D line at 27.05, while the +D line lags at 11.65, confirming a bearish trend.
The ADX at 27 indicates that this trend is well defined. However, the bullish signal from the TD Sequential indicator suggests that this bearish phase could be nearing its end.
The placement of the Parabolic SAR above the price reaffirms short-term bearish momentum. Therefore, breaking the USD 1.29 resistance remains crucial for momentum to shift in favor of bulls. If this is achieved, it could mark the start of a sustainable recovery.
MVRV long/short difference: sentiment cools?
The MVRV long/short spread currently stands at 53.37%, significantly lower than the December highs. This measure suggests reduced profit-taking pressure, indicating that the market may be stabilizing.
Historically, such declines in MVRV often precede price recoveries, as sellers exit and buyers accumulate.
Source: Santiment
Read the one from Ondo Finance [ONDO] Price forecast 2025–2026
Conclusion: Is ONDO ready for a comeback?
ONDO is showing mixed but promising signs of a possible recovery. While technical indicators remain bearish, increased address activity, a spike in trades, and a bullish TD Sequential signal point to growing optimism.
A decisive break above $1.29 would confirm a reversal and mark the start of a sustainable recovery. For now, cautious optimism seems justified.