A whale withdraws 2.45 million ONDO—I’m more focused on whether $0.45 can hold
Today I noticed an on-chain move: a wallet that had been steadily building positions in altcoins withdrew around 2.455 million ONDO from Binance, worth approximately $1.14 million.
A withdrawal alone isn’t enough to call this a bullish signal, but it’s a fund movement worth keeping an eye on.
Looking at the short-term ONDO/USDT structure, the price is around $0.45, right near a key moving-average zone. $0.47 is the resistance level I’ll be watching next, but it’s too early to say the trend has reversed.
My trading plan:
If the price gets back above $0.47 with volume confirmation, I’ll watch to see whether it can test $0.48 next.
If support around $0.45 fails, I’ll watch how price holds in the $0.43 area. If that level breaks, the short-term rebound thesis will need to be reassessed.
I’m not going to chase a rally just because of a whale’s move. On-chain fund flows are only a clue—the key is whether price provides confirmation.
What do you think is more worth watching with this ONDO withdrawal: the fund movement itself, or whether price can break above $0.47 next?
$ONDO
Today I noticed an on-chain move: a wallet that had been steadily building positions in altcoins withdrew around 2.455 million ONDO from Binance, worth approximately $1.14 million.
A withdrawal alone isn’t enough to call this a bullish signal, but it’s a fund movement worth keeping an eye on.
Looking at the short-term ONDO/USDT structure, the price is around $0.45, right near a key moving-average zone. $0.47 is the resistance level I’ll be watching next, but it’s too early to say the trend has reversed.
My trading plan:
If the price gets back above $0.47 with volume confirmation, I’ll watch to see whether it can test $0.48 next.
If support around $0.45 fails, I’ll watch how price holds in the $0.43 area. If that level breaks, the short-term rebound thesis will need to be reassessed.
I’m not going to chase a rally just because of a whale’s move. On-chain fund flows are only a clue—the key is whether price provides confirmation.
What do you think is more worth watching with this ONDO withdrawal: the fund movement itself, or whether price can break above $0.47 next?
$ONDO