A total of 8.1 million ONDO tokens, worth several million dollars, were deposited on Coinbase in under 24 hours, increasing the immediately available supply on this major platform. The 90-day spot cumulative volume delta remains seller-dominant, indicating that spot purchases are not sufficient to absorb selling pressure. On Binance, the largest traders maintain long positions at 67.98%, pushing the Long/Short Ratio to 2.12, signaling intact bullish conviction among derivatives participants. ONDO’s price now faces the $0.4236 resistance zone after rebounding from the $0.3778 support level. A decisive close above $0.4236 would confirm a bullish breakout, while failure would likely trigger a return toward $0.3778.
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