What to expect from ONDO in the short term | Credit: Hameem Sarwar
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Key Takeaways
ONDO is showing strength, with price forming higher lows and indicators like RSI and AO turning bullish.
Amid this, network activity has improved, suggesting ONDO’s price could hit $0.43 in the near term.
Despite the recovery, ONDO is down from its ATH, and a failure to break key levels could trigger a pullback.
Ondo Finance’s native token, ONDO, has recorded a modest price increase.
The move is welcome for holders who have endured one of the more severe drawdown periods in the RWA tokenisation sector.
However, the recovery’s significance must be assessed against the full context of where ONDO currently sits relative to its all-time high.
An 87% decline from peak represents a structural challenge of a specific and demanding magnitude.
The mathematics of an 87% drawdown are unforgiving. To return to its all-time high from current levels, ONDO would need to gain approximately 669%.
But will ONDO’s price achieve that this year?
Upswing Meets Resistance
ONDO is pressing into a critical resistance zone after a sharp recovery. The token’s price is now approaching the upper boundary of its established range near $0.29, signaling a potential inflection point.
Meanwhile, momentum indicators on the 4-hour chart are turning supportive, but not yet decisive.
Initially, ONDO rebounded strongly from the $0.24-$0.25 demand zone, forming a series of higher lows.
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This shift suggests buyers are gradually regaining control. As a result, the short-term structure has turned cautiously bullish.
However, ONDO’s price is now colliding with a well-defined resistance band that has repeatedly rejected upside attempts.
This level has acted as a supply zone multiple times, making it a critical decision area.
At the same time, the Relative Strength Index (RSI) is climbing toward the upper band, currently around 62. This indicates strengthening bullish momentum.
Still, it remains below overbought territory, leaving room for further upside if buying pressure sustains.
In addition, the Awesome Oscillator (AO) has flipped green and is expanding. This confirms increasing bullish momentum.
However, the histogram remains relatively shallow, suggesting momentum is building but not yet explosive.
Despite the bullish signals, rejection remains a real risk.
If ONDO fails to break above $0.29 convincingly, it could trigger another pullback toward the mid-range or even the lower support zone near $0.24.
What Rising Active Addresses Reveal
Meanwhile, network activity on Ondo is exploding at exactly the right moment.
The Santiment chart below, tracking ONDO’s price against 24-hour active addresses from Feb. 26 to March 27, reveals a powerful relationship between user engagement and price action.
Throughout early March, active addresses oscillated between 1,100 and 1,500, with no sustained directional trend.
Then something shifted around March 21. Active addresses began climbing steadily from a low near 1,083, and price followed.
By March 27, active addresses have surged to 1,782. Simultaneously, ONDO has pushed to $0.24, matching its best levels of the period.
Rising active addresses mean more unique wallets are transacting on the network daily. It signals genuine user demand, not just speculative price-chasing.
The contrast with mid-March is instructive. Around March 13–14, active addresses spiked to 1,580 ahead of the price peak near $0.293, acting as a leading indicator of the subsequent selloff.
Now addresses are surpassing that prior peak while price holds firm. That’s a bullish divergence in favour of continuation.
ONDO Price Forecast: Target on $0.43
On the daily timeframe, ONDO is showing early signs of stabilization after a prolonged downtrend, with price now pressing against the upper boundary of a falling channel.
After months of lower highs and lower lows, this recent push signals a possible shift in structure.
ONDO’s price trades near $0.27, holding above the $0.20 base, which aligns with the zero Fib level.
More importantly, ONDO is approaching the $0.43 region, which marks the 0.236 Fibonacci level and acts as the first major resistance.
A break above this zone would expose the $0.57, followed by $0.68, where stronger supply is likely to emerge.
Meanwhile, momentum is improving. The Moving Average Convergence Divergence (MACD) is flattening, hinting at a potential bullish crossover.
At the same time, the Money Flow Index (MFI) is approaching 77, reflecting rising inflows, though it is nearing overbought territory.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
