ONDO caught at a critical weekly demand zone following an ~85% pullback from its all-time high—and on-chain metrics reveal something interesting beneath the surface price weakness. The accumulation pattern across addresses suggests serious buying pressure, even as price action remains subdued. From a technical standpoint, bearish divergence on the weekly has become a focal point for traders timing entries. The altseason narrative could trigger significant upside if macro conditions cooperate, with some analysts modeling potential expansion multiples if liquidity conditions align. It's the kind of setup where patience on the demand zone makes sense—major reversals often need weak hands to flush before momentum ignites.
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GateUser-bd883c58
· 22h ago
85% decline to pick up bargains in the demand zone? On-chain data is quietly accumulating, just waiting for the main force to shake out...
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MerkleMaid
· 22h ago
85% decline remains in the demand zone... Is the on-chain data deceiving me or has the bottom really arrived? This time, it's getting interesting.
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MemeEchoer
· 22h ago
Wait, an 85% drop is still in the demand zone? On-chain data shows accumulation... This is the situation I like, building positions at the bottom is the way to go.
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MetaEggplant
· 22h ago
Dropped 85% and accumulated in the demand zone, on-chain data looks good... just the price hasn't caught up yet.
ONDO caught at a critical weekly demand zone following an ~85% pullback from its all-time high—and on-chain metrics reveal something interesting beneath the surface price weakness. The accumulation pattern across addresses suggests serious buying pressure, even as price action remains subdued. From a technical standpoint, bearish divergence on the weekly has become a focal point for traders timing entries. The altseason narrative could trigger significant upside if macro conditions cooperate, with some analysts modeling potential expansion multiples if liquidity conditions align. It's the kind of setup where patience on the demand zone makes sense—major reversals often need weak hands to flush before momentum ignites.