$ONDO, no way—it’s taken off again.
Current price: around $0.4711
Up about 9.3% in the past 24 hours, but volume is weak
Analysis:
This rally has been sharp, but volume hasn’t really followed through, so the order book looks a little shaky. Damn, that spike to 0.4744 was pretty aggressive. Looking back at the volume bars, they didn’t expand much. The higher it goes, the more it looks like someone’s just pushing it up. When volume can’t keep up with price, don’t take the short-term move too seriously—it could easily turn out to be a fakeout. For it to keep going, we’ll need to see volume pick up over the next few hours. If it doesn’t, this level is just being held up by momentum. Either way, a sharp rise doesn’t mean it’s stable. Let’s see if it can hold here.
Anyone who chased the move, how’s it feeling?
Current price: around $0.4711
Up about 9.3% in the past 24 hours, but volume is weak
Analysis:
This rally has been sharp, but volume hasn’t really followed through, so the order book looks a little shaky. Damn, that spike to 0.4744 was pretty aggressive. Looking back at the volume bars, they didn’t expand much. The higher it goes, the more it looks like someone’s just pushing it up. When volume can’t keep up with price, don’t take the short-term move too seriously—it could easily turn out to be a fakeout. For it to keep going, we’ll need to see volume pick up over the next few hours. If it doesn’t, this level is just being held up by momentum. Either way, a sharp rise doesn’t mean it’s stable. Let’s see if it can hold here.
Anyone who chased the move, how’s it feeling?