$ONDO
$ONDO 's RWA narrative is still intact, and keywords like tokenized stocks, USDY, and institutions' assets being put on-chain are quite enticing.
The issue is that the market is not cooperating as much right now—its 24h drawdown is close to 6%, and it’s been weak over the past two days. A strong narrative doesn’t necessarily mean the price will follow immediately. For the short term, the biggest risk is that everyone keeps telling the story, but the candlesticks still can’t provide any support.
I’ll first see whether it can hold steady around 0.35. If it can’t hold, don’t rush to treat the pullback as cheap—there may still be another wave of sentiment cooling off before things improve.
$ONDO 's RWA narrative is still intact, and keywords like tokenized stocks, USDY, and institutions' assets being put on-chain are quite enticing.
The issue is that the market is not cooperating as much right now—its 24h drawdown is close to 6%, and it’s been weak over the past two days. A strong narrative doesn’t necessarily mean the price will follow immediately. For the short term, the biggest risk is that everyone keeps telling the story, but the candlesticks still can’t provide any support.
I’ll first see whether it can hold steady around 0.35. If it can’t hold, don’t rush to treat the pullback as cheap—there may still be another wave of sentiment cooling off before things improve.
