🚨 **$ONDO Current Analysis:**

$ONDO is consolidating with a bearish bias. Price remains range-bound, yet the overall pressure indicates a lean towards downside movement.

Volume at 57.6M in 24h is decent but lacks explosive momentum. Significant red candles accompanied by volume spikes clearly signal selling pressure, with limited strong buying interest stepping in. 📉

Capital flows are predominantly negative:
- 24h net outflow: ~-440k
- 7D net outflow: ~-8.7M
- Spot flows are also negative.

While there are minor short-term 1H inflows (+179k), these appear to be small bounces against a larger selling trend. Traders seem to be de-risking long positions or initiating shorts.

**Trading Outlook for $ONDO:**

A cautious bearish bias suggests a potential short setup.
- **Entry (Resistance):** Short near ~0.4247 USDT
- **Entry (Breakdown):** Wait for a clean break below 0.3846 USDT
- **Entry (Pullback):** Short a pullback to MA5 (~0.3946) for improved risk-reward.
- **SL:** 0.4247 (if shorting resistance) or 0.4038 (if breaking lower).
- **TP1:** 0.3605
- **TP2:** 0.3280

A significant price move is not yet guaranteed, and $ONDO could continue to chop. However, current flows and volume data indicate bears currently hold the advantage. 🐻

What's your view on $ONDO? Are you holding, shorting, or waiting for a dip buy? Share your thoughts below! 👇

#ONDO #ondousdt