Sentiment & On-chain Analysis
Sentiment & On-chain Analysis
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On-Chain:
In the last 7 days, wallet 0x9fc1 bought 951.7K $ONDO ($911.8K), now holding 2.13M $ONDO ($2.52M).
12h ago, wallet 0x0219 bought 452K $ONDO ($535.4K), this is his first time buying $ONDO.
Spot data:
Spot CVD is slowing down after strong drop (CoinAnalyze)
Future data:
OI increased 28.63% from 04/03 => New positions opened, mainly Long.
Funding Rate is balanced
Long/Short Ratio: 2.19, down from peak nearly 6.0 on 04/03 (CoinGlass) => Long side reduces positions clearly, Short starts to balance, no more extreme imbalance like early March.
=> Futures market is in the dispute phase, easy to get "shakeout" before choosing new trend.
Technical Analysis:
Price is dropping after testing resistance zone $1.2 - $1.23
Support zone around $1.1 => Important support to watch
Deeper support at $1 - $1.05 => Price may head to this zone if $1.1 is broken.
This Article belongs to the iCrypto.ai team. Please do not copy, duplicate, or distribute it without permission and proper attribution.
On-Chain:
In the last 7 days, wallet 0x9fc1 bought 951.7K $ONDO ($911.8K), now holding 2.13M $ONDO ($2.52M).
12h ago, wallet 0x0219 bought 452K $ONDO ($535.4K), this is his first time buying $ONDO.
Spot data:
Spot CVD is slowing down after strong drop (CoinAnalyze)
Future data:
OI increased 28.63% from 04/03 => New positions opened, mainly Long.
Funding Rate is balanced
Long/Short Ratio: 2.19, down from peak nearly 6.0 on 04/03 (CoinGlass) => Long side reduces positions clearly, Short starts to balance, no more extreme imbalance like early March.
=> Futures market is in the dispute phase, easy to get "shakeout" before choosing new trend.
Technical Analysis:
Price is dropping after testing resistance zone $1.2 - $1.23
Support zone around $1.1 => Important support to watch
Deeper support at $1 - $1.05 => Price may head to this zone if $1.1 is broken.
This Article belongs to the iCrypto.ai team. Please do not copy, duplicate, or distribute it without permission and proper attribution.
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