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ONDO whale transfers spark sell pressure but price holds key support amid mixed trader signals

Technical Signals
06 Aug 2026
AMBCrypto
View Source
Neutral
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Large ONDO holders moved over 10 million tokens to Coinbase, raising concerns of potential selling. Despite this, ONDO's price stayed stable above $0.373 support as selling pressure dominated spot and futures markets. However, positive funding rates suggest leveraged traders remain bullish, creating a tug-of-war between sellers and confident long traders. ONDO is now at a critical point where stronger buying is needed to push past resistance at $0.4236 or risk falling to $0.34 support next.

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