Ondo Finance has experienced a significant downturn, losing -3.84% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against BTC and ETH, with decreases of -3.38% and -3.98% respectively. Despite a 15.43% gain over the past month and a 201.95% increase over the past year, the medium-term trend remains bearish, with a -31.10% drop in the last three months.
The current market sentiment for Ondo Finance is bearish, supported by 80% of technical indicators. Key support levels to watch are $0.690340, $0.674815, and $0.643767, while resistance levels are at $0.736912, $0.767961, and $0.783485. The Fear & Greed index stands at 49, indicating a neutral market sentiment.
Given the high volatility and unpredictable nature of the cryptocurrency market, caution is advised. Despite a forecasted 30.24% price increase in the next five days, the overall outlook remains pessimistic.