Ondo Finance Gained 15.15% in Last Month and is Predicted to Reach $0.922538 By Oct 22, 2024

Ondo Finance Gained 15.15% in Last Month and is Predicted to Reach $ 0.922538 By Oct 22, 2024

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 -3.23% today against the US Dollar
  • ONDO/BTC decreased by -2.10% today
  • ONDO/ETH decreased by -2.57% today
  • Ondo Finance is currently trading 23.13% below our prediction on Oct 22, 2024
  • Ondo Finance gained 15.15% in the last month and is up 212.81% since 1 year ago
Ondo Finance price$ 0.709186
Ondo Finance prediction $ 0.922538 (29.87%)
Sentiment Bearish
Fear & Greed index 71 (Greed)
Key support levels$ 0.718415, $ 0.707680, $ 0.691749
Key resistance levels$ 0.745081, $ 0.761012, $ 0.771746

ONDO price is expected to rise by 29.87% in the next 5 days according to our Ondo Finance price prediction

is trading at $ 0.709186 after losing -3.23% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.48% in the same time period. ONDO performed poorly against BTC today and recorded a -2.10% loss against the world’s largest cryptocurrency.

According to our Ondo Finance price prediction, ONDO is expected to reach a price of $ 0.922538 by Oct 22, 2024. This would represent a 29.87% 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 15.15% in the last 30-days. The medium-term trend for Ondo Finance has been bearish, with ONDO dropping by -34.28% in the last 3 months. The long-term picture for Ondo Finance has been positive, as ONDO is currently displaying a 212.81% 1-year price change. On this day last year, ONDO was trading at $ 0.226718.

Ondo Finance reached its all-time high price on Jun 04, 2024, when the price of ONDO peaked at $ 1.46. The current ONDO cycle high is $ 0.855371, while the cycle low is at $ 0.520221. ONDO has been displaying low volatility recently – the 1-month volatility of the coin is at 7.93. Ondo Finance recorded 17 green days in the last 30 days.

Ondo Finance technical analysis for today – Oct 17, 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 $ 0.718415, $ 0.707680 and $ 0.691749, while $ 0.745081, $ 0.761012 and $ 0.771746 are the key resistance levels.

Bearish sentiment for Ondo Finance

6 indicators are currently signaling a bullish prediction for Ondo Finance, while 18 indicators are showing a bearish forecast. With 75% 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 71 (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.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.726740 (SELL)$ 0.711080 (SELL)
MA5$ 0.730328 (SELL)$ 0.702598 (BUY)
MA10$ 0.721668 (SELL)$ 0.701901 (BUY)
MA21$ 0.755035 (SELL)$ 0.735764 (SELL)$ 0.757061 (SELL)$ 0.604533 (BUY)
MA50$ 0.699104 (BUY)$ 0.837619 (SELL)
MA100$ 0.770624 (SELL)$ 0.893304 (SELL)
MA200$ 0.787111 (SELL)$ 0.876980 (SELL)
PeriodValueAction
RSI (14)52.01NEUTRAL
Stoch RSI (14)93.43SELL
Stochastic Fast (14)67.85NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)10.87NEUTRAL
Awesome Oscillator (5, 34)0.02NEUTRAL
Momentum (10)0.00SELL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-32.15NEUTRAL
Ultimate Oscillator (7, 14, 28)65.04NEUTRAL
VWMA (10)0.71BUY
Hull Moving Average (9)0.77SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.75NEUTRAL

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 52.01, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

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 29.87% to hit our $ 0.922538 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.

Source: https://coincodex.com/article/49902/ondo-finance-prediction-october-17-2024/