Looking back at the $ONDO 0.515 price zone
$ONDO VND is testing the 0.515 resistance area after recording a 24.20% increase during the day.
Upside: If buying pressure continues to hold and cleanly breaks above 0.515 with stable volume, the price may extend its upward momentum.
Downside: Conversely, if profit-taking pressure increases and the price turns back, breaking below the 0.4846 level, short-term buyers will face strong pressure.
The four-hour trading volume is 12.48x, and the one-hour RSI stands at 83.2, indicating the rally is very strong. However, the long account ratio has risen to 2.4843, reflecting heightened enthusiasm from short-term buyers. When the market is overly excited, unexpected liquidity-sweep moves can appear around nearby supports. Chasing a long position when RSI is in the overbought zone often carries the risk of a rapid reversal.
#Crypto #ONDOUSDT
$ONDO VND is testing the 0.515 resistance area after recording a 24.20% increase during the day.
Upside: If buying pressure continues to hold and cleanly breaks above 0.515 with stable volume, the price may extend its upward momentum.
Downside: Conversely, if profit-taking pressure increases and the price turns back, breaking below the 0.4846 level, short-term buyers will face strong pressure.
The four-hour trading volume is 12.48x, and the one-hour RSI stands at 83.2, indicating the rally is very strong. However, the long account ratio has risen to 2.4843, reflecting heightened enthusiasm from short-term buyers. When the market is overly excited, unexpected liquidity-sweep moves can appear around nearby supports. Chasing a long position when RSI is in the overbought zone often carries the risk of a rapid reversal.
#Crypto #ONDOUSDT
