ONDO Price Stalls as Whales Reach All-Time Highs

Ondo Finance (ONDO) price has shown little movement in the last 24 hours. Yet, its long-term growth remains impressive, with a 519% increase over the past year. As one of the biggest Real-World Assets (RWA) players in the market, ONDO has attracted strong interest from both retail and institutional investors.

While RSI has recovered from oversold levels and whale holdings have reached all-time highs, ONDO remains in a consolidation phase with its EMA lines closely positioned. Whether it forms a golden cross for a bullish breakout or faces further downside pressure will depend on upcoming market momentum and investor activity.

ONDO RSI Is Currently Neutral, Recovering From Oversold Levels

ONDO Relative Strength Index (RSI) is currently at 54.7, a sharp recovery from 20.6 just two days ago. This significant rebound indicates that buying pressure has returned after ONDO was previously in deeply oversold conditions.

An RSI below 30 typically suggests that an asset is oversold and could be due for a bounce, which aligns with ONDO’s recent surge.

Now that RSI has moved above 50, momentum appears to be shifting in favor of buyers, though it remains in a neutral zone rather than strongly bullish.

RSI is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 suggest overbought conditions and potential for a pullback, while readings below 30 indicate oversold conditions and possible price recovery.

With ONDO’s RSI now at 54.7, the asset is in a neutral-to-bullish zone, suggesting that it still has room to climb if buying momentum continues.

If RSI pushes above 60, it could indicate stronger bullish momentum, but if it stalls or declines, ONDO price may consolidate before making its next move.

ONDO Whales Are Reaching All-Time Highs

The number of whales holding between 1,000,000 and 10,000,000 ONDO has dropped slightly from 193 to 190 on the last day. However, despite this minor decline, the overall number of ONDO whales has been steadily increasing since January 12, when there were only 120.

This long-term growth suggests that whales have been accumulating ONDO, reflecting increasing confidence in the asset. Even with the recent dip, these whale holdings remain at their highest levels ever, indicating strong interest in RWA from major investors.

Tracking whale activity is crucial because large holders can influence price movements through accumulation or distribution. A rising number of whales typically signals strong institutional or high-net-worth investor confidence, which can provide price stability or fuel bullish momentum.

While the slight drop from 193 to 190 suggests some short-term distribution, the overall trend remains positive. If whale numbers continue to grow, ONDO price could see further upside, but if more whales begin to sell, it might lead to increased volatility or price corrections.

ONDO Price Prediction: Will A Golden Cross Form Soon?

ONDO is currently one of the largest RWA coins in the market, with a market cap of around $4.5 billion. Its EMA lines are very close to each other, indicating a period of consolidation since yesterday.

If the short-term EMAs cross above the long-term ones, it would form a golden cross, a bullish signal that could push ONDO toward the $1.53 resistance. A breakout above this level could fuel further momentum, with the next target at $1.66.

On the other hand, if ONDO fails to establish an uptrend, it may face downside pressure. A drop to the $1.25 support could be the first sign of weakness, and if that level breaks, ONDO could decline further toward $1.00.

Given the current consolidation, the market is at a critical point, and the next major move will determine whether ONDO resumes its bullish trend or enters a deeper correction.