ONDS took a hit on Friday, sliding 5% following the investor day event. Market participants shouldn't be too caught off guard by this move—the token had built up considerable momentum heading into the presentation, and investor day announcements frequently trigger profit-taking among holders.
The sell-the-news dynamic here is textbook market behavior. Strong pre-event rallies often exhaust buying pressure, leaving the release itself vulnerable to immediate liquidation. Traders are now watching the $11.70 level as a potential support zone that could define the next directional move.
This pullback is worth monitoring closely if you're tracking the token's near-term technical setup.
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BearMarketSurvivor
· 7h ago
Selling news is a well-worn tactic. Can it hold up on 11.7?
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AirdropHunterKing
· 7h ago
Laughing to death, it's the same old story of selling news, a common cliché. I've seen through this trick long ago. We must hold the $11.70 line firmly; if it breaks, it's game over.
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MeaninglessGwei
· 7h ago
It's the same old trick of sell-the-news... should have seen through this routine long ago.
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DAOTruant
· 7h ago
It's the same old trick again: hype up the market the night before a rally, then run away once it lands. I've seen it happen too many times.
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quiet_lurker
· 8h ago
Here comes the old trick again... Pump before hype, dump during the announcement. Can $11.70 hold?
ONDS Token Dips 5% Post-Investor Day Presentation
ONDS took a hit on Friday, sliding 5% following the investor day event. Market participants shouldn't be too caught off guard by this move—the token had built up considerable momentum heading into the presentation, and investor day announcements frequently trigger profit-taking among holders.
The sell-the-news dynamic here is textbook market behavior. Strong pre-event rallies often exhaust buying pressure, leaving the release itself vulnerable to immediate liquidation. Traders are now watching the $11.70 level as a potential support zone that could define the next directional move.
This pullback is worth monitoring closely if you're tracking the token's near-term technical setup.