This ONDO move is kind of interesting. In 24 hours it’s risen more than 30%, trading volume has topped one billion “U,” yet you can’t find a decent piece of news in the market updates. The reasons are all the same—an RWA narrative. But this story has been “hanging” for a month, and then it was that bullish one-hour candle midday yesterday, worth 139 million, that lit the fuse. Nobody explains where this money came from.
Today it started from 0.53 and climbed step by step. Each pullback is shallower than the last. The lows are being raised one step at a time—this is a relay bid, not distribution. And the volume matches cleanly: the second wave’s volume is only about half of yesterday’s breakout candle, and the move isn’t rushed.
The one-hour RSI has been sitting above 93 for two hours. It’s definitely hot—very hot—but the structure hasn’t broken. I won’t chase this leg. If it pulls back to 0.545, I’ll reassess the support; if it breaks down, I’ll just treat it as if I hadn’t seen it.
On the other side, Brent fell from 102 back to 99. Gulf of Hormuz traffic is down to single digits, yet oil prices are still dropping. The bets on renewed reopening are too crowded. Gold is stuck, hovering around 4284. Who’s next in line for the next RWA baton? Tomorrow should provide the answer.$ONDO $BZ
Today it started from 0.53 and climbed step by step. Each pullback is shallower than the last. The lows are being raised one step at a time—this is a relay bid, not distribution. And the volume matches cleanly: the second wave’s volume is only about half of yesterday’s breakout candle, and the move isn’t rushed.
The one-hour RSI has been sitting above 93 for two hours. It’s definitely hot—very hot—but the structure hasn’t broken. I won’t chase this leg. If it pulls back to 0.545, I’ll reassess the support; if it breaks down, I’ll just treat it as if I hadn’t seen it.
On the other side, Brent fell from 102 back to 99. Gulf of Hormuz traffic is down to single digits, yet oil prices are still dropping. The bets on renewed reopening are too crowded. Gold is stuck, hovering around 4284. Who’s next in line for the next RWA baton? Tomorrow should provide the answer.$ONDO $BZ