ONDO RWA enthusiasm fading garbage time watch more, act less waiting for the bottom

1. Overall trend judgment (core)

Current price 0.3720. The current trend looks very bad, with prices slowly bleeding along the descending channel, and the K line center of gravity continuously moving downwards. MACD is running at a dead cross below the zero axis, indicating that the bears still completely dominate the market.

ONDO's medium-term trend is extremely weak. It is currently in the process of 'bear market bottom-seeking'. Although that long spike confirmed the extreme bottom, all rebounds are merely life-saving waves until it can regain above 0.50.

2. Key levels

Resistance level (selling pressure zone):

Short resistance: 0.4500 - 0.5000. A small oscillation platform during the recent downtrend. This is also a psychological integer barrier.

Strong resistance: 0.6500 - 0.7000. Once the iron bottom, now the iron top. This is the 'moat' that ONDO must cross to return to a bull market, and it is almost impossible to reach in the short term.

Support level (defensive zone):

Current support: 0.3500 - 0.3700. The current operating area, where the bulls are conducting the final street fighting.

Extreme bottom: 0.2500 - 0.2600. The lowest point of that terrifying spike. This is the market-recognized 'absolute value bottom'. If it drops here, aggressive funds will enter to bet on a rebound.

3. Trading volume signals

Signal: Panic volume, rebound with no volume.

The trading volume on the day of the spike was huge, indicating that panic selling was cleared. However, during the subsequent rebound process, the volume quickly shrank.

Interpretation: Insufficient buying. The market's enthusiasm for the RWA track is fading, and funds are reluctant to enter and take over at this time.

4. Operational strategy

Holders: Extremely passive.

Suggestion: From 1.00+ down to 0.37, for deep holders, cutting losses is not very meaningful.

Strategy: ONDO's fundamentals are still acceptable (BlackRock cooperation concept), it is recommended to hold on tightly. Wait for the future RWA narrative to restart, with the target looking to reduce positions near a rebound to 0.50.

Non-holders: Patiently wait for a second exploration.

Strategy: Although the current price is cheap, the trend is downward.

Buying: Only when the price again tests the range of 0.2500 - 0.3000, is it a high-probability left-side entry opportunity.

Warning: Do not catch falling knives around the halfway up (near 0.40).

5. Summary

ONDO has entered the 'winter moment', currently in the 'garbage time', watch more, act less, and quietly wait for the market to complete the bottom formation.