Ondo Finance Wallet Drives ONDO Token Sales Amid Retail Demand
- Sustained Selling Activity: A wallet linked to Ondo Finance has liquidated 8.5 million ONDO tokens over the past month across major exchanges like Bybit, OKX, and Coinbase, indicating heightened scrutiny from traders and analysts regarding market dynamics.
- Retail Investor Resilience: Despite ongoing sell-offs, retail investors have shown strong demand for ONDO, continuing to accumulate tokens during price declines, which may signal a long-term bullish sentiment towards tokenization themes in the market.
- Market Dynamics Insight: Analyst Nazoku highlights that the sustained selling is predominantly from wallets that received tokens directly from Ondo Finance, suggesting a clear distribution pattern rather than random market movements, which could influence future price actions.
- On-Chain Flow Monitoring: Market participants are closely tracking on-chain flows to gauge future movements, as the transparency of blockchain allows real-time monitoring of major wallet actions, shaping sentiment within the broader decentralized finance sector.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO). As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ONDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ONDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.216 | 0.231 | 0.244 | 0.259 | 0.272 | 0.286 | 0.299 |
| Fibonacci | 0.231 | 0.241 | 0.248 | 0.259 | 0.269 | 0.276 | 0.286 |
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