Ondo Finance moves $49.56M in tokens amid weak price, needs $0.36 close to recover

Ondo Finance transferred 150 million ONDO tokens worth $49.56 million to a new address, drawing trader attention due to past patterns of tokens moving to exchanges like Coinbase. Despite weak price action within a descending channel and strong selling momentum, demand remains steady with active trading and slight negative netflows indicating accumulation. For a price recovery, ONDO must close above $0.36, a key resistance level previously acting as support, or it risks dropping below $0.30 toward $0.27.