ONDO Finance (ONDO) has been experiencing a period of consolidation recently, maintaining a 20% increase in the last 30 days and solidifying its position as a prominent Real-World Assets (RWA) token in the market. Despite a lack of significant momentum in recent days, ONDO still holds a market cap of $4.2 billion.

Recent indicators point to some uncertainty, with weakening trend strength and fading buying pressure. The next move for ONDO, whether a breakout or continued consolidation, will depend on its ability to regain momentum in upcoming trading sessions.

The ONDO DMI chart reflects a lack of a clear trend, with an ADX of 10.7 remaining below 15 for five consecutive days. This signals weak trend strength, confirming the current consolidation phase with no distinct bullish or bearish momentum.

Additionally, the +DI has slightly decreased while the -DI has shown a mild increase, indicating a subtle shift in directional strength but no definitive breakout. These movements suggest a balance between buying and selling pressure, reflecting the current sideways price action of ONDO.

On the other hand, the ONDO CMF stands at 0.01, down from 0.1, indicating a drop in bullish momentum. If the CMF falls below zero, it could signify renewed selling pressure leading to a potential price decline or extended consolidation.

ONDO has been trading within a narrow range recently, showing a lack of clear momentum despite its significant market cap. The market seems indecisive, awaiting a breakout in either direction.

As one of the most noteworthy RWA coins this month, ONDO has the potential to test resistance at $1.49 and potentially reach $1.66 on an uptrend. Conversely, a failure at the $1.28 support level could lead to a drop towards $1.00 if bearish pressure intensifies.