$ONDO’s selloff is closer to a short squeeze setup than a real breakdown.
Down 4.66% today, 4h is worse at -5.7%, and everyone sees the red candle. But RSI(14) is sitting at 33 while futures funding is -0.005%… shorts are literally paying to stay crowded. That’s not the cleanest bearish signal. 👀
Volume is only $36.77M, about 0.9x the 20-day average. Weak sellers, not panic liquidation. Meanwhile $SOL is holding up better, which makes ONDO look ugly, but also leaves it primed for a sharp catch-up move if sentiment flips.
At $0.44, I’d rather watch for a reclaim than chase the breakdown. MAs are chopping, so this won’t be pretty. ⚡
Bull or bear on $ONDO at these levels?
#ONDO #Trading #Altcoin
Down 4.66% today, 4h is worse at -5.7%, and everyone sees the red candle. But RSI(14) is sitting at 33 while futures funding is -0.005%… shorts are literally paying to stay crowded. That’s not the cleanest bearish signal. 👀
Volume is only $36.77M, about 0.9x the 20-day average. Weak sellers, not panic liquidation. Meanwhile $SOL is holding up better, which makes ONDO look ugly, but also leaves it primed for a sharp catch-up move if sentiment flips.
At $0.44, I’d rather watch for a reclaim than chase the breakdown. MAs are chopping, so this won’t be pretty. ⚡
Bull or bear on $ONDO at these levels?
#ONDO #Trading #Altcoin