$ONDO is bleeding while the volume refuses to show up.
Price is $0.4903, down 3.98% today and 3.6% over the latest 4h window, but volume is only 0.8x its 20D average at $37.18M. That’s the part I’m watching. 📉
RSI sits at 48. MAs are chopping, and futures funding is still +0.001%, meaning longs are paying while price drifts lower. Not a panic flush. More like weak positioning getting tested. 👀
If $ONDO tags $0.50 again, I’d watch the reaction instead of chasing a reclaim. $ETH isn’t giving this much help either. ⚠️
Who else is watching this?
#ONDO #Trading
Price is $0.4903, down 3.98% today and 3.6% over the latest 4h window, but volume is only 0.8x its 20D average at $37.18M. That’s the part I’m watching. 📉
RSI sits at 48. MAs are chopping, and futures funding is still +0.001%, meaning longs are paying while price drifts lower. Not a panic flush. More like weak positioning getting tested. 👀
If $ONDO tags $0.50 again, I’d watch the reaction instead of chasing a reclaim. $ETH isn’t giving this much help either. ⚠️
Who else is watching this?
#ONDO #Trading