Ondo has broken out of a lower channel and it seems a whale is hunting lower liquidity stop loss pools to create a stop cascade. Notice the area I circled on the left after price hit its cycle high and broke through bottom channel. That’s what happens when a stop cascade starts. This all stems from the unfortunate news of Nathan Allmans passing. He was Ondo finances creator and it’s had echoing ripple effects on the coin. My condolences go out to his family. I believe price will head toward the first big liquidity pool and plummet further to the -78.6 fib extension and pick up more liquidity and stop somewhere around the .34 area.
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