đš $ONDO Current vibe is consolidation with a bearish bias. Price is stuck in a range, but the pressure feels like itâs leaning down.
Volume isnât screaming anything crazy â 57.6M in 24h is decent but nothing explosive. What stands out is those big red candles with volume spikes⊠classic selling pressure. Buyers arenât really stepping in hard.
Capital flows are ugly:
- 24h net outflow around -440k
- 7D outflow a whopping -8.7M
- Even spot flows negative.
Short-term 1H inflows are there (+179k), but itâs like a tiny bounce in a sea of selling. Traders are definitely lightening up longs or adding shorts.
**My own take $ONDO :
- Bearish bias for now â cautious short setup.
- Best spots: Short near resistance ~0.4247 USDT, or wait for a clean break below support at 0.3846 USDT.
- Or safer: Short a pullback up to the MA5 (~0.3946) for better risk-reward.
- Stop-loss: 0.4247 if shorting resistance, or 0.4038 if breaking lower).
- Targets: First downside at 0.3605, then 0.3280 if it keeps dumping.
Not super confident for a big move yet â could just chop around a bit more. But the flows and volume tell me bears have the edge right now.
Whatâs your view on $ONDO? Holding, shorting, or waiting for a dip buy? Drop your thoughts!