$ONDO is feeling the broader risk-off move today, down around 4% as geopolitical tensions push oil higher and traders reduce exposure to riskier assets.
The selloff looks more market-driven than ONDO-specific. DeFi and other altcoins are under pressure too, while ONDO also faced rejection around the $0.544 to $0.55 area.
What I’m watching now is whether the market can stabilize. $0.50 is the key level for ONDO. Hold it, and some consolidation could follow.
But if $0.50 breaks, $0.48 becomes the next area to watch.
The bigger catalyst is September 30 PCE data, which could quickly shift expectations around rates and risk appetite.
#Altcoin Season# #Macro Insights#
The selloff looks more market-driven than ONDO-specific. DeFi and other altcoins are under pressure too, while ONDO also faced rejection around the $0.544 to $0.55 area.
What I’m watching now is whether the market can stabilize. $0.50 is the key level for ONDO. Hold it, and some consolidation could follow.
But if $0.50 breaks, $0.48 becomes the next area to watch.
The bigger catalyst is September 30 PCE data, which could quickly shift expectations around rates and risk appetite.
#Altcoin Season# #Macro Insights#
