Ondo Finance, a leading issuer of tokenized securities, netted 4% gains on the 10th of July, which coincided withThe partnership allows Ondo’s USDY/USD price feed to be featured across over 60 blockchains.What’s next for bulls?ONDO’s impressive recovery, which started from the first demand zone and bullish order block at $0.9, hit an immediate resistance as of press time.
Based on the price chart indicators’ readings as of press time, both RSI and CMF were in a neutral position. It meant that buying pressure and capital inflows improved, but were substantial for extra upward momentum. Besides, the price had not closed above $1 on the 12-hour chart, which meant that, on a higher timeframe, ONDO’s market structure hadn’t shifted to bullish yet as of press time.However, bulls could have market leverage and seek an extra 10% if ONDO closes above $1 and eye the range-high of the descending triangle.ONDO’s bull could be delayed further based on Santiment’s data, which showed weak sentiment, as revealed by the negative Weighted Sentiment.