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The Ondo Finance Token has been on a general upside path since its launch until the recent trading sessions. The market saw a moderate downward correction from six sessions ago until about three sessions ago. Trading indicators are still hinting that more moves may yet be seen as trading activities for the week continue.
ONDO Statistics:
Current Ondo Finance Price: $0.9986
ONDO Market Cap: $1,384,521,668
Ondo Finance Circulating Supply: 1,389,759,838
ONDO Total Supply: 10,000,000,000
Ondo Finance CoinMarketCap Rank: 61
Key Price Levels:
Resistance: $1.000, $1.250, and $1.500
Support: $0.900, $0.650, and $0.400
Price Action in the ONDO Daily Market May Move On from Newly Found Support
The Ondo Finance token has managed to move minimally upward following the downward correction that occurred in the past two sessions. The last price candle can be seen standing just atop the 100-day Exponential Moving Average (EMA) line.
Likewise, the Stochastic Relative Strength Index (SRSI) lines have an upward trajectory, with the leading line of the indicator only slightly deflected. The SRSI lines are still below the 50 level of the indicator and will require more support from upward forces to significantly extend the bullish move.
The Ondo Finance Market Is Making Some Impressive Moves
Price action in the ONDO token 4-hour market can be seen making some impressive moves past some important landmarks. The ongoing session can be seen already placing the market above the 20- and 50-day EMA curves.
Meanwhile, the SRSI indicator lines can be seen rising steeply upward past the 50 mark of the indicator. The distance between the leading and lagging lines of the indicator appears significant, hinting that volatility may increase. Consequently, this may result in more traders utilizing bullish crypto signals as the market prepares to surface above the $1.00 mark.
