Ondo ($ONDO )
ONDO has grown by almost 14% over the past 30 days, recently surpassing the $1 mark for the first time since March 6. This movement has attracted new attention to the token, as its market capitalization is approaching the $3 billion threshold again.
However, according to rwa.xyz, the total on-chain value of RWA is now $16.6 billion, which indicates a decrease of 16.92% over the last 30 days.
Recently, a 'death cross' pattern has formed on its EMA chart — a pattern associated with a bearish trend. The first key support is at the level of $0.866. If this level is breached, ONDO may fall to $0.819, with deeper support at levels $0.73 and $0.663 if the downward trend strengthens.
On the other hand, if sentiment changes and ONDO manages to overcome resistance at the level of $1.04, the next stage will be a rise to $1.20. This surge could mark the beginning of a longer recovery.
