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 -3.57% today against the US Dollar
- ONDO/BTC decreased by -2.06% today
- Ondo Finance is currently trading 21.80% below our prediction on Oct 28, 2024
- Ondo Finance gained 0.58% in the last month and is up 226.78% since 1 year ago
| Ondo Finance price | $ 0.740860 |
| Ondo Finance prediction | $ 0.947338 (30.17%) |
| Sentiment | Bearish |
| Fear & Greed index | 71 (Greed) |
| Key support levels | $ 0.751483, $ 0.736500, $ 0.720895 |
| Key resistance levels | $ 0.782071, $ 0.797675, $ 0.812659 |
ONDO price is expected to rise by 30.17% in the next 5 days according to our Ondo Finance price prediction
Ondo Finance price today is trading at $ 0.740860 after losing -3.57% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.34% in the same time period. ONDO performed poorly against BTC today and recorded a -2.06% loss against the world’s largest cryptocurrency.
According to our Ondo Finance price prediction, ONDO is expected to reach a price of $ 0.947338 by Oct 28, 2024. This would represent a 30.17% 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 0.58% in the last 30-days. The medium-term trend for Ondo Finance has been bearish, with ONDO dropping by -21.01% in the last 3 months. The long-term picture for Ondo Finance has been positive, as ONDO is currently displaying a 226.78% 1-year price change. On this day last year, ONDO was trading at $ 0.226719.
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 6.07. Ondo Finance recorded 14 green days in the last 30 days.
Ondo Finance technical analysis for today – Oct 23, 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 $ 0.751483, $ 0.736500 and $ 0.720895, while $ 0.782071, $ 0.797675 and $ 0.812659 are the key resistance levels.
Bearish sentiment for Ondo Finance
11 indicators are currently signaling a bullish prediction for Ondo Finance, while 12 indicators are showing a bearish forecast. With 52% 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.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.742978 (SELL) | $ 0.744806 (SELL) | – | – |
| MA5 | $ 0.767487 (SELL) | $ 0.737759 (BUY) | – | – |
| MA10 | $ 0.738406 (BUY) | $ 0.728685 (BUY) | – | – |
| MA21 | $ 0.732300 (BUY) | $ 0.721425 (BUY) | $ 0.184622 (BUY) | $ 0.630055 (BUY) |
| MA50 | $ 0.692729 (BUY) | $ 0.722337 (BUY) | – | – |
| MA100 | $ 0.760395 (SELL) | $ 0.764722 (SELL) | – | – |
| MA200 | $ 0.876950 (SELL) | $ 0.800513 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 53.58 | NEUTRAL |
| Stoch RSI (14) | 92.09 | SELL |
| Stochastic Fast (14) | 64.29 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 18.12 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.05 | NEUTRAL |
| Momentum (10) | 0.05 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -35.71 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 57.13 | NEUTRAL |
| VWMA (10) | 0.77 | BUY |
| Hull Moving Average (9) | 0.81 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.75 | NEUTRAL |
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 53.58, 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 below the SMA 50 trendline, which is a bearish 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 30.17% to hit our $ 0.947338 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/50727/ondo-finance-prediction-october-23-2024/