ONDO Finance (ONDO) has surged nearly 7% in the past 24 hours, aiming to reclaim a $3 billion market cap after a significant 38% correction in the last month. This recent price recovery hints at a potential trend shift, but breaking key resistance levels is crucial for full confirmation.

With indicators like the DMI and CMF showing a decrease in selling pressure and an increase in buying interest, optimism is on the rise. If ONDO manages to break through the $0.90 mark, it may rally towards $1.08 and possibly even $1.20. However, a lack of momentum sustainability could lead to a dip below $0.70.

On the flip side, ONDO's ADX highlights a possible reversal of the downtrend soon. While the bearish trend is still dominant, the decreasing intensity suggests a potential slowdown in momentum.

Moreover, the +DI has shown a climb while the -DI has dropped, indicating a shift in buying and selling pressures. While the downtrend remains intact for now, a potential crossover could signal a trend reversal in the making.

In another positive development, ONDO's CMF has rebounded, signaling increased buying pressure. This uptick suggests a growing bullish momentum that could support further price recovery if sustained buying volume kicks in.

As the market eagerly anticipates whether ONDO can reclaim $1 and beyond, the recent bounce back from recent lows indicates a possible recovery in the making. However, the road ahead remains uncertain with key resistance levels posing challenges for potential growth opportunities.

Stay tuned to see if ONDO can sustain its positive momentum and push towards new highs or if a reversal might lead to a retest of lower support levels.