【ONDO: This signal today is kind of interesting】
The trading volume suddenly expanded, exceeding 5% of the market cap, yet the price only rose slightly by 2%. This “high volume but not up” combination—old hands should already be familiar with it. Either the main force is testing the market, or someone is building up room to distribute before selling.
Right now I’m watching this resistance level at 0.387878. Why?
Look—ONDO has fallen 83% from its high. Honestly, that drawdown is already quite deep. But here’s the question: has anything fundamental really changed? I didn’t dig deep into its ecosystem progress, but one thing I can be sure of—at this level, there are lots of bargain hunters, and there are also plenty of people who are bearish. Both sides are waiting for the other to move first.
Now the volume suddenly increases, which suggests someone has moved first.
Did the dip-buying succeed, or is it a distribution attempt? I don’t know. But the most important lesson I learned back in 2017 was this: don’t guess the direction—if you’re right, you still might not be able to hold.
I don’t currently hold any ONDO. Honestly, when I saw that volume spike, I felt tempted. But muscle memory from 2021 tells me—don’t chase just because volume is up. Let it truly break above 0.387878 first, then we’ll talk. If it breaks, I’ll consider whether to get in.
That said, if it really does break through, this move might be the real one. What’s your mindset right now? If you have a position, do you dare to hold? If you don’t have a position, do you dare to enter? Or are you like me—watching and waiting first?
The trading volume suddenly expanded, exceeding 5% of the market cap, yet the price only rose slightly by 2%. This “high volume but not up” combination—old hands should already be familiar with it. Either the main force is testing the market, or someone is building up room to distribute before selling.
Right now I’m watching this resistance level at 0.387878. Why?
Look—ONDO has fallen 83% from its high. Honestly, that drawdown is already quite deep. But here’s the question: has anything fundamental really changed? I didn’t dig deep into its ecosystem progress, but one thing I can be sure of—at this level, there are lots of bargain hunters, and there are also plenty of people who are bearish. Both sides are waiting for the other to move first.
Now the volume suddenly increases, which suggests someone has moved first.
Did the dip-buying succeed, or is it a distribution attempt? I don’t know. But the most important lesson I learned back in 2017 was this: don’t guess the direction—if you’re right, you still might not be able to hold.
I don’t currently hold any ONDO. Honestly, when I saw that volume spike, I felt tempted. But muscle memory from 2021 tells me—don’t chase just because volume is up. Let it truly break above 0.387878 first, then we’ll talk. If it breaks, I’ll consider whether to get in.
That said, if it really does break through, this move might be the real one. What’s your mindset right now? If you have a position, do you dare to hold? If you don’t have a position, do you dare to enter? Or are you like me—watching and waiting first?