Have you been looking at the ONDO price charts and considering making an informed investment? In that case, you are in the right place. Let’s explore the latest ONDO trends and see what the indicators tell us about possible developments that may occur in the coming times. The ONDO token has had an abysmal Q1 in 2025, losing close to 30% of its value. However, April has provided some respite to investors, with around 15% gains achieved. ONDO Finance’s recent meetings with the U.S. Securities and Exchange Commission boosted investor confidence. With that in mind, let’s dive into the latest ONDO price analysis and assess what’s to come.
ONDO Price Analysis for May 1, 2025
The trading session commenced with ONDO at $0.9275. The MACD line moved above the signal line on the MACD indicator within the next hour as a negative ONDO trend ensued, taking the ONDO price to $0.9170. At 1:50 UTC, a golden cross formed, and the price ascended to $0.9405. A trading range formed at that level, with strong resistance at $0.9425. Several tests ensued, but ONDO failed to break the resistance. Consequently, a death cross formed at 6:00 UTC, pulling the price to $0.9230. Another trading range followed as the price consolidated around that level until noon.
Chart 1: analyzed by raodevansh18, published on TradingView, May 1, 2025
A massive death cross emerged at noon, and the ONDO price plunged to $0.8775. The RSI also soared into the oversold region with this slump. A potent reversal was expected, and it occurred in the form of a wide upward channel. At 14:20 UTC, an uptrend commenced, and the upward channel took the price to $0.9248 by 20:25 UTC. The RSI was overbought, and the selling began, leading to a bearish ONDO trend. This pulled the price down to $0.9037 by 21:55 UTC. A bullish trend was attempted, but faced quick reversal, as ONDO stood at $0.9072 by midnight.
ONDO Token Attempts to Rise, $0.9425 Resistance Test Possible?
The day began with bullish movement for the ONDO token, which rose to $0.9245 in the first hour, thanks to the midnight golden cross. Some correction occurred, and by 2:30 UTC, ONDO returned to $0.9245. However, with a death cross emerging at 2:40 UTC, the price soon slumped to $0.9031. The initial uptrend from this point met a reversal, but ONDO has been able to stage a curved, parabolic rise. As of the latest update, ONDO trades at $0.9273, back where it started yesterday.
What Do The Indicators Reveal About the ONDO Price Action?
The RSI has been quick to correct any unprecedented movements. This indicates high bullish pressure for the ONDO token as of now. Also, the price has been heavily range-bound, which means that the bears may also be indecisive as of now. The bulls will look for a $0.9425 resistance break. The bulls may help the price hold on to its gains if it occurs soon. As of the latest update, the signal line is approaching the MACD line. We are headed for a bearish crossover, so the resistance test may not be immediate.
What Are the Likely Scenarios for ONDO?
In the midterm, ONDO looks set for gains as institutions express interest. The indicators, however, still paint an indecisive market. The bulls and the bears are waiting for the price to veer significantly in one direction. As of now, some corrective force may soon affect the price. If ONDO can live out the bearish pressure with a trading range, it may go on to successfully test the $0.9425 resistance. If that is not the case, it might get relegated to a support close to $0.9
About The Author
