ONDO Tests $1 Support Amid Weak Volume Signals
Key Takeaways
ONDO is currently trading around the critical 1 US dollar mark. This zone serves as potential support and could determine the token’s short-term direction. Despite an upward trend since March, key indicators such as trading volume and capital inflows show signs of weakness. Short-term profit-taking and low demand raise questions about the sustainability of the rally.
ONDO breaks downward trend – but with caution
In April, ONDO broke out of a downward trend channel. Since then, the price has been forming higher lows and higher highs – a classic sign of an uptrend. However, this rise is not accompanied by strong capital inflows. The Chaikin Money Flow (CMF), an indicator of capital movement, is below -0.05. This points to net outflows – a warning signal for investors.
Market behaviour suggests bottom formation
Another technical indicator, the MVRV Z-Score (Market Value to Realized Value), shows whether a token is over- or undervalued. In March and April, this value dropped to levels last seen in fall 2024. This suggests that ONDO may have reached a local low during this phase – potentially marking the beginning of the current uptrend.
Profit-taking despite price increase
On May 9, ONDO’s Spent Output Profit Ratio (SOPR) reached a value of 1.53. This value is derived from the ratio of selling price to purchase price and measures the profitability of transactions. The SOPR increase coincided with a 27% price rise – from 0.86 to 1.10 US dollars. Shortly after, the SOPR dropped back to 1.01. This indicates that many investors took profits during the rally, increasing selling pressure.
Long-term holders remain passive
Data on dormant circulation – the movement of inactive coins – has shown little change over the past three weeks. This means long-term investors are holding their positions. Short-term price action is therefore mainly driven by short-term traders. The mean coin age has also been rising since mid-March, indicating growing willingness to hold. However, a brief dip on May 8 suggests some profit-taking.
What does the 1-dollar mark mean for ONDO?
The zone around 1 US dollar currently acts as a critical support level. If the price falls below it, short-term investor confidence could wane. If the level holds, a continuation of the uptrend is conceivable – provided that trading volume increases and capital inflows improve.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Fruit Slots: The Best Fruit-Themed Slot Machines at a Glance
Reading time: ~ 3 minutes
-
Low Wagering Casino Bonuses 2025
Reading time: ~ 3 minutes
-
Easter Slots – Best Easter-Themed Slot Games
Reading time: ~ 3 minutes
-
Monster Slots: Best Monster-Themed Slot Games
Reading time: ~ 3 minutes
Our Assessment
ONDO shows technical signs of bottoming out and the beginning of an uptrend. However, the lack of market breadth – i.e., low demand and capital inflows – calls for caution. Short-term traders are taking profits, while long-term holders remain on the sidelines. The 1-dollar mark is crucial for further developments. Anyone invested in ONDO or considering an investment should closely monitor price action around this level and watch for rising trading volume.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| 1st deposit | 100% up to 1.5 BTC (2,000 USDT) |
| 2nd deposit | 50% up to 1 BTC (2,000 USDT) + 100 Free Spins |
| 3rd deposit | 75% up to 1 BTC (2,000 USDT) + 50 Free Spins |
| 4th deposit | 125% up to 1 BTC (2,000 USDT) |
| Wagering requirements | 40x bonus |
| 30x free spins winnings | |
| Minimum deposit | 0.0002 BTC / 20 USDT |
| Maximum bet | 0.0002 BTC / 6.5 USDT |
| Bonus validity | 7 days |
- Codes for each deposit bonus: LUCKY100 / 50 / 75 / 150.
- Free Spins valid on Elvis Frog in Vegas (2nd deposit) and Sunny Coin 2: Hold the Spin (3rd deposit)
- Slots count 100%, all other games 5%.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
Advertising transparency