【On this ONDO position, honestly I’ve got itchy hands】
You know what my temper is like—I shout tough with my mouth, but my hands are too timid. But this ONDO trend… I really feel like saying something.
First, my call: I lean toward range-bound with a slight bias to the upside.
I’ll give three reasons—no long-winded talk.
First, the Fear Index is 34, while the weekly average is only 30. In this kind of atmosphere, the overall market hasn’t crashed, and ONDO has held steady. What does that mean? It means the sellers don’t have much power left. The ones who needed to run already ran back in 2021. What’s left are either die-hard believers or “playing dead” holders. In this situation, once there’s even a bit of good news, lifting it isn’t that hard.
Second, the support at 0.315 is something I’ve been watching for a long time. Those earlier attempts didn’t break it, which means someone is defending this level. I don’t believe in myths about market-support, but if they can defend it this hard, it suggests someone is stuck around their cost basis, suppressing there.
Third, it’s down 85%, and the valuation “air” has basically been squeezed out. Whether it’s expensive or not is another question, but the bubble is definitely gone.
But—this is the most crucial part I want to say—
The essence of ONDO is RWA tokenization: real assets are put on-chain to tell a story. The problem is, who is going to pay for that story? Traditional financial institutions? DeFi users? Honestly, neither side really needs it that much. I’ve seen way too many PPT masters in the RWA track—there aren’t many that truly get things running.
If, over the next week, there’s no volume to back it up, I still expect it to stay range-bound. A real bottom isn’t propped up by emotions—it’s built by real money stacked up.
How are you feeling right now? Are you willing to take this move? Are you getting itchy to act?
You know what my temper is like—I shout tough with my mouth, but my hands are too timid. But this ONDO trend… I really feel like saying something.
First, my call: I lean toward range-bound with a slight bias to the upside.
I’ll give three reasons—no long-winded talk.
First, the Fear Index is 34, while the weekly average is only 30. In this kind of atmosphere, the overall market hasn’t crashed, and ONDO has held steady. What does that mean? It means the sellers don’t have much power left. The ones who needed to run already ran back in 2021. What’s left are either die-hard believers or “playing dead” holders. In this situation, once there’s even a bit of good news, lifting it isn’t that hard.
Second, the support at 0.315 is something I’ve been watching for a long time. Those earlier attempts didn’t break it, which means someone is defending this level. I don’t believe in myths about market-support, but if they can defend it this hard, it suggests someone is stuck around their cost basis, suppressing there.
Third, it’s down 85%, and the valuation “air” has basically been squeezed out. Whether it’s expensive or not is another question, but the bubble is definitely gone.
But—this is the most crucial part I want to say—
The essence of ONDO is RWA tokenization: real assets are put on-chain to tell a story. The problem is, who is going to pay for that story? Traditional financial institutions? DeFi users? Honestly, neither side really needs it that much. I’ve seen way too many PPT masters in the RWA track—there aren’t many that truly get things running.
If, over the next week, there’s no volume to back it up, I still expect it to stay range-bound. A real bottom isn’t propped up by emotions—it’s built by real money stacked up.
How are you feeling right now? Are you willing to take this move? Are you getting itchy to act?