📉 $ONDO · 4H
$ONDO trades at $0.4697, still on the weak side of its 4-hour averages. The $0.4568 area held twice over the last two weeks and is being tested again. Price is down in the lower third of that range. The floor is 2.7% away and the ceiling is nowhere close. The 20 crossed below the 50 recently, for only 6 candles, so this leg is still young. RSI at 40 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $0.4568 and $0.5010, sitting near the bottom of it now. Participation is light at about 0.6x average volume. Down 4.9% over 24 hours.
DYOR
$ONDO #Trading
$ONDO trades at $0.4697, still on the weak side of its 4-hour averages. The $0.4568 area held twice over the last two weeks and is being tested again. Price is down in the lower third of that range. The floor is 2.7% away and the ceiling is nowhere close. The 20 crossed below the 50 recently, for only 6 candles, so this leg is still young. RSI at 40 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $0.4568 and $0.5010, sitting near the bottom of it now. Participation is light at about 0.6x average volume. Down 4.9% over 24 hours.
DYOR
$ONDO #Trading
