đš $ONDO IS RUNNING HOT â BUT HEREâS THE CATCHâŠ
$ONDO is showing serious momentum right now. On the 1H chart, price is around $0.5534, up more than 27% in 24H, while trading well above the MA(7) at $0.5359, MA(25) at $0.5004 and MA(99) at $0.4507. That alignment keeps the short-term structure strongly bullish.
But thereâs a warning: RSI(6) is sitting near 89.6, deep in overbought territory. After such a vertical move, chasing the candle here carries higher pullback risk.
The key zone Iâm watching is $0.535â$0.528. Holding this area could keep buyers in control, while a clean break above $0.5581 may open the door toward $0.57â$0.60.
Volume has also exploded, confirming strong market participation.
Momentum is bullish â but patience may be the smarter trade.
#ONDO #OndoFinance #altcoins
$ONDO is showing serious momentum right now. On the 1H chart, price is around $0.5534, up more than 27% in 24H, while trading well above the MA(7) at $0.5359, MA(25) at $0.5004 and MA(99) at $0.4507. That alignment keeps the short-term structure strongly bullish.
But thereâs a warning: RSI(6) is sitting near 89.6, deep in overbought territory. After such a vertical move, chasing the candle here carries higher pullback risk.
The key zone Iâm watching is $0.535â$0.528. Holding this area could keep buyers in control, while a clean break above $0.5581 may open the door toward $0.57â$0.60.
Volume has also exploded, confirming strong market participation.
Momentum is bullish â but patience may be the smarter trade.
#ONDO #OndoFinance #altcoins