DEAR FAMILY;
👇👇👇👇👇
1. ONDO is considered the top project in the RWA (Real World Assets) narrative.
2. Black Rock's involvement has added credibility to the RWA narrative.
3. ONDO is a strong performer in the RWA narrative with significant potential.
4. Technically, ONDO's market is currently bearish due to recent loss of open interest and breaking of support levels.
5. Expectations are for ONDO to continue being bearish, possibly dropping to the next support level at $0.70.
6. Further decline to $0.65-$0.60 is conceivable if open interest continues to decrease.
7. Despite the bearish outlook, ONDO is perceived to have opportunities for recovery during the downtrend due to its robust fundamentals.
8. Shorting ONDO is not recommended.
9. A break above $0.83 would signal neutrality and the end of the bearish trend.
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