I have a cautious hunch: around $0.45, $ONDO isn't simply weak—someone may be trading time for position. Three sets of data are needed to validate this view: after gaining +39.46% over 30 days, it has pulled back just -4.74% over 7 days, suggesting selling pressure hasn't gotten out of control; after the $1.06B volume spike on September 25, the price didn't fall back below $0.41; and with a market-cap rank of #47 and daily volume of $142M, liquidity can still support mid-sized players moving in and out.
What should really raise concerns is that it's still -78.64% from its ATH of $2.14. That's not cheap—it's a bagholder zone left over from the previous narrative. Capital may be trading the beta of RWA, or it may just be rotating into low-priced assets. If volume stays below $150M and the price breaks below $0.44, my bullish hunch should no longer hold. Which condition would you rather use to test it: support at $0.44, or a pickup in volume?
What should really raise concerns is that it's still -78.64% from its ATH of $2.14. That's not cheap—it's a bagholder zone left over from the previous narrative. Capital may be trading the beta of RWA, or it may just be rotating into low-priced assets. If volume stays below $150M and the price breaks below $0.44, my bullish hunch should no longer hold. Which condition would you rather use to test it: support at $0.44, or a pickup in volume?