Ondo Finance (ONDO) price has been in a consolidation phase over the past few days, but it remains up 20% in the last 30 days, solidifying its position as one of the most relevant RWA (Real-World Assets) tokens in the market. Despite its recent lack of momentum, ONDO continues to hold a $4.2 billion market cap.

Key indicators suggest uncertainty, with trend strength weakening and buying pressure fading. Whether ONDO breaks out of its range or continues consolidating will depend on its ability to regain momentum in the coming sessions.

ONDO DMI Shows Lack of a Clear Trend

ONDO DMI chart shows an ADX of 10.7, remaining below 15 for five consecutive days, signaling extremely weak trend strength. The ADX (Average Directional Index) measures trend strength rather than direction, with values below 20 typically indicating a lack of a strong trend and above 25 suggesting a more established movement.

Since ONDO’s ADX has stayed low for several days, it confirms the market is in consolidation, with no clear bullish or bearish momentum.

Meanwhile, the +DI has dropped from 24.2 to 19.7, while the -DI has risen from 12.8 to 16.6, showing a slight shift in directional strength but no decisive breakout. Although these movements suggest some shifts in buying and selling pressure, both indicators appear to be stabilizing.

This aligns with ONDO current sideways price action, where neither buyers nor sellers have full control. Until ADX rises above 20, a strong trend is unlikely, and ONDO may continue consolidating in the short term.

ONDO CMF Struggles to Stay Positive

ONDO CMF is currently at 0.01, dropping from 0.1 in the past day after spending nearly two weeks in negative territory between January 31 and February 10.

The Chaikin Money Flow (CMF) measures buying and selling pressure based on volume and price action. Values above zero indicate accumulation and values below zero signal distribution.

A rising CMF suggests stronger buying interest, while a declining or negative CMF indicates selling pressure dominating the market.

ONDO failing to sustain above 0.1 and now trending lower suggests a weakening bullish momentum.

With CMF barely holding above zero, buying pressure is fading, increasing the risk of a return to negative values. If it dips below zero again, it could indicate renewed selling pressure, potentially leading to a further price decline or extended consolidation.

ONDO Price Prediction: Will the Consolidation Continue?

ONDO price has been trading within a tight range between $1.38 and $1.31 in the last few days, even after it announced its own Layer-1. Its EMA lines are closely aligned, signaling a lack of clear momentum.

Despite its sharp correction from $1.60 to $1.13 between January 30 and February 2, it remains one of the largest RWA tokens, maintaining a $4.2 billion market cap. The current sideways movement suggests the market is indecisive, waiting for a breakout in either direction.

As one of the most interesting RWA coins for February, if ONDO establishes an uptrend, it could first test resistance at $1.49. If that level is broken, a further push toward $1.66 could follow.

However, if bearish pressure increases and the $1.28 support fails, the price could extend its decline toward $1.00.

Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term.

• Bitcoin started a fresh increase from the $94,200 zone.
• The price is trading above $96,500 and the 100 hourly Simple moving average.
• There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it clears the $98,500 zone.

Bitcoin Price Eyes Fresh Increase

Bitcoin price extended losses below the $95,000 support level. BTC tested the $94,200 zone. A low was formed at $94,111 and the price recently started a fresh increase within a range.

There was a move above the $95,000 and $96,000 levels. The price cleared the 50% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low. There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading above $96,500 and the 100 hourly Simple moving average. It is also above the 61.8% Fib retracement level of the downward move from the $98,440 swing high to the $94,111 low.

On the upside, immediate resistance is near the $98,000 level. The first key resistance is near the $98,500 level. The next key resistance could be $99,500. A close above the $99,500 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $100,500 level or even $102,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $98,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $97,200 level. The first major support is near the $96,750 level.

The next support is now near the $96,200 zone. Any more losses might send the price toward the $95,000 support in the near term. The main support sits at $94,200.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $96,200, followed by $95,000.

Major Resistance Levels – $98,000 and $98,500.