- A bullish TD Sequential signal emerges, but resistance at $1.29 remains critical.
- Address and transaction activity surge, indicating potential accumulation ahead of a price recovery.
Since its peak in December, Ondo [ONDO] has corrected by nearly 50%, leading to a current trading price of $1.18, reflecting a 3.09% increase, at press time.
Despite this recovery, the Parabolic SAR remains above the price, indicating lingering bearish pressure. Additionally, ONDO has struggled to reclaim the critical $1.29 resistance, with lower support forming near $1.18.
However, the appearance of a bullish TD Sequential signal on the 3-day chart suggests that selling pressure may be easing. This could pave the way for a recovery if supported by increased market activity.
Therefore, traders must closely watch how the price reacts to the descending trendline and key resistance levels in the coming days.
Source: TradingView
ONDO addresses stats: Are investors showing interest?
Address activity shows a noticeable uptick, indicating increased market participation. Over the past week, new addresses grew by 16.54%, active addresses surged by 39.39%, and zero-balance addresses climbed by 42.25%.
This growth reflects heightened investor interest, likely fueled by ONDO’s sharp correction, making it more appealing for accumulation.
Additionally, this increase in new addresses aligns with rising speculation about the token’s recovery potential. However, sustained growth in address activity is essential to validate a bullish outlook.
If these trends persist, they could indicate accumulating confidence among investors.
Source: IntoTheBlock
ONDO transaction count: A rise in network activity
ONDO’s transaction count recently jumped from 1,686 to 2,991, indicating a significant increase in network engagement. Historically, such surges align with periods of increased accumulation, often preceding bullish price action.
This rise suggests that traders and investors are positioning themselves for potential upward movement. However, it is important to monitor whether this activity remains consistent or declines.
Source: Santiment
Technical indicators: A challenging but hopeful outlook
Technical indicators present a mixed narrative. The DMI shows a dominant -D line at 27.05, while the +D line lags at 11.65, confirming a bearish trend.
The ADX at 27 signals that this trend is well-defined. However, the TD Sequential indicator’s bullish signal suggests this bearish phase may be nearing its end.
The Parabolic SAR’s placement above the price reaffirms short-term bearish momentum. Therefore, breaking through the $1.29 resistance remains critical to shifting momentum in favor of bulls. If achieved, it could signify the start of a sustained recovery.
MVRV long/short difference: Sentiment cooling off?
The MVRV long/short difference currently sits at 53.37%, down significantly from its highs in December. This metric suggests reduced profit-taking pressure, indicating that the market may be stabilizing.
Historically, such declines in MVRV often precede price recoveries, as sellers exit and buyers accumulate.
Source: Santiment
Read Ondo Finance’s [ONDO] Price Prediction 2025–2026
Conclusion: Is ONDO ready for a comeback?
ONDO is showing mixed but promising signs of a potential recovery. While technical indicators remain bearish, increased address activity, a spike in transaction counts, and a bullish TD Sequential signal suggest growing optimism.
A decisive breakout above $1.29 would confirm a reversal, marking the beginning of a sustained recovery. For now, cautious optimism appears warranted.
