The ONDO question: Why it’s a buying opportunity laced with sell pressure
The post The ONDO question: Why it’s a buying opportunity laced with sell pressure appeared on BitcoinEthereumNews.com.
Journalist Posted: September 6, 2025 Key Takeaways Ondo’s price action and metrics are at odds — the price chart showed imminent losses for the token, while the metrics revealed ONDO was undervalued. Both can be true simultaneously. Ondo [ONDO], the governance token of the Ondo decentralized autonomous organization (DAO), has been holding on to a key support level at $0.87 since mid-July. Over the past month, the rest of the altcoin market has also struggled to find momentum. Source: ONDO/USDT on TradingView This could be due to the volatility around Bitcoin [BTC] and Ethereum [ETH], both of which lacked a clear trend in recent weeks. On the ONDO daily chart, the market structure was bearish. The token has made lower highs over the past three weeks. Moreover, its CMF was well below the -0.05 threshold. This indicated severe capital outflows from the market and seller dominance. If this selling pressure continues, ONDO might fall past the $0.87 support zone. Is ONDO undervalued right now? Source: Santiment Data from Santiment revealed that the network growth and daily active addresses metrics were relatively unchanged since late July. This steady trend showed the network was neither expanding nor losing ground. This was a positive outcome at a time of price volatility. Interestingly, the age consumed metric was also relatively quiet in recent weeks. This metric tracks the movement of previously idle tokens. A flurry of dormant token movement would result in a surge in the age consumed. This would be indicative of idle coins being moved in great numbers, something that occurs before or during a sell-off. Since this has not happened even though ONDO prices were straddling a key support, it was an encouraging sign. Source: Santiment The supply distribution reflected steady buying pressure from the smaller wallets, holding up to 1M…
Filed under: News - @ September 6, 2025 7:25 am