Ondo (ONDO) is currently trading at $0.961839, reflecting a 3.57% increase over the last 24 hours. The daily range has been relatively tight, with a high of $0.960272 and a low of $0.92277, indicating modest volatility.

The trading volume stands at 199,185,683, translating to a volume-to-market cap ratio of 6.56%, which suggests a healthy level of trading activity relative to its market capitalization. This level of volume supports the recent price increase, indicating investor interest and potential momentum.

Short-term moving averages reflect a bullish trend, with the 8 SMA at $0.9458 and the 13 SMA at $0.9461 showing gains of 1.70% and 1.66%, respectively. The longer-term moving averages are also on an upward trajectory, particularly the 55 SMA, which is up 5.30%, reinforcing the positive sentiment.

The 1-hour RSI is at 62, suggesting that the asset is nearing overbought territory but still has room for upward movement. In contrast, the 7-day RSI is at 56, indicating a neutral stance but showing improvement over the past week, where the price rose approximately 8.99%.

Despite a 14-day price change of -10.83%, the 30-day price change shows a modest increase of 5.60%, indicating potential recovery from a recent dip. The all-time high of $2.14 achieved on December 16, 2024, sets a significant target for potential growth, although current prices remain substantially lower.

Given the current bullish indicators from the moving averages, the strong volume, and the upward momentum reflected in the RSI metrics, the overall market sentiment for ONDO is positive. Therefore, the recommendation is to Buy ONDO as it appears positioned for further upside in the near term, especially if the price continues to hold above the key support levels established in the recent trading range.