Ondo Finance (ONDO) price has shown little movement in the last 24 hours. Yet, its long-term growth remains impressive, with a 519% increase over the past year. As one of the biggest Real-World Assets (RWA) players in the market, ONDO has attracted strong interest from both retail and institutional investors.
While RSI has recovered from oversold levels and whale holdings have reached all-time highs, ONDO remains in a consolidation phase with its EMA lines closely positioned. Whether it forms a golden cross for a bullish breakout or faces further downside pressure will depend on upcoming market momentum and investor activity.
ONDO RSI Is Currently Neutral, Recovering From Oversold Levels
ONDO Relative Strength Index (RSI) is currently at 54.7, a sharp recovery from 20.6 just two days ago. This significant rebound indicates that buying pressure has returned after ONDO was previously in deeply oversold conditions.
An RSI below 30 typically suggests that an asset is oversold and could be due for a bounce, which aligns with ONDO’s recent surge.
Now that RSI has moved above 50, momentum appears to be shifting in favor of buyers, though it remains in a neutral zone rather than strongly bullish.
RSI is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 suggest overbought conditions and potential for a pullback, while readings below 30 indicate oversold conditions and possible price recovery.
With ONDO’s RSI now at 54.7, the asset is in a neutral-to-bullish zone, suggesting that it still has room to climb if buying momentum continues.
If RSI pushes above 60, it could indicate stronger bullish momentum, but if it stalls or declines, ONDO price may consolidate before making its next move.
