The ONDO price has had a notable rebound after hitting a low of $0.8393, driven by increased speculation around a potential Binance listing. The crypto market is abuzz with rumors that Binance may soon list ONDO in its trading platform. This speculation sparked excitement among traders and renewed investor confidence in the ONDO investment. As a result, ONDO is gaining momentum and reflecting its optimism in the marketplace. If the Binance listing materializes, ONDO could continue its upward trajectory in the crypto world. In this article, let’s analyze the last 24 hours’ performance of ONDO that could provide a better insight into its price action. Let’s dive in.
ONDO Dropped to $0.8393 – April 21, 2025
The trading day exhibited notable price action. The early trading session kicked off with an upward trajectory, indicating a potential bullish momentum. At 01:55 UTC, a Death Cross on MACD signaled a potential downtrend. Likely, at 02:05 UTC, ONDO resisted at $0.8810 and experienced a short-term fall. However, at 02:40 UTC, ONDO found support at $0.8660, began to move up, and reached the top price of the day at $0.8911. A Golden Cross on MACD at 04:45 UTC affirmed this uptrend. Subsequently, at 08:50 UTC, ONDO encountered an RSI Overbought situation, indicating a potential trend reversal. Also, a Death Cross on MACD at 09:00 UTC signaled the ensuing downtrend.
As expected, at 09:05 UTC, a pin bar, followed by a full-body red candle, signaled a potential downtrend. Likely, ONDO resisted at $0.8911, began to fall, breached a breakout, and dropped to $0.8708. At 11:25 UTC, ONDO found support at $0.8708 and experienced a short rise. But at 14:35 UTC, ONDO resisted at $0.8832, began to fall, broke the support at $0.8660, and dropped to $0.8393. A Death Cross on MACD at 15:05 affirmed this downtrend. Conversely, at 17:05 UTC, ONDO found support at $0.8393, entered the phase of trading range, and closed at $0.8527. A Golden Cross on MACD at 18:00 UTC affirmed this uptrend.
ONDO Rebound from $0.8393 – April 22, 2025
As illustrated in Chart 1, on April 22, 2025, ONDO’s trading day began with a dynamic price action. During the early trading session, ONDO began with a short-term fall. At 00:35 UTC, ONDO found support at $0.8393 and experienced an upward trajectory. A Golden Cross on MACD at 01:00 UTC asserted this uptrend. Substantially, at 01:35 UTC, ONDO encountered an RSI Overbought situation, indicating a potential downtrend. Likely, at 02:00 UTC, the ONDO price resisted at $0.8720, began to fall, and dropped to $0.8431. A Death Cross on MACD at 02:15 UTC reaffirmed this downtrend.
Conversely, at 06:35 UTC, ONDO encountered an RSI Oversold situation, signaling a possible uptrend. As expected, ONDO found support at $0.8431, began to move up, breached a breakout, and continued to wave in an uptrend. A Golden Cross on MACD at 07:00 UTC affirmed this uptrend.
What will be ONDO’s Next Move?
Based on today’s price analysis, ONDO is experiencing an upward trajectory, suggesting a bullish sentiment. Currently, the ONDO price movement is eyeing to break of the key resistance at $0.8720. In a possible scenario, if ONDO succeeds in its attempt, it could reach a new high, suggesting a further bullish trend. If ONDO fails in its attempt, it could experience a sharp fall, break the support at $0.8393, suggesting a bear trend.
As speculations are growing around ONDO’s Binance Listing, investors and traders are driving towards ONDO investment. Since the crypto market is volatile in nature, do market research before investing in any crypto coins!
Source: Coinfomania / Digpu NewsTex