Two large wallets transferred 10.712 million ONDO to Coinbase, including 4.125 million (approximately $1.57 million) from a team-linked wallet and 6.587 million (approximately $2.51 million) from an institutional wallet. Spot and futures order flow remained seller-dominant, yet ONDO successfully defended the $0.373 support level, keeping its broader recovery structure intact. The RSI slipped to 50.36 and the ADX moderated to 24.83, reflecting weakening momentum while the DMI still favored bulls. The positive funding rate at 0.0027% showed longs retained conviction, but stronger demand was needed to break out above $0.4236 resistance or risk testing $0.3400 if $0.373 support fails.
Source: Read the original article
