ONDO's $0.45 resistance test sparks debate over market manipulation
ONDO’s latest rally toward $0.45 began with promise, climbing steadily from $0.35 support. But the move hit a familiar obstacle as sellers stepped in at the key resistance level. The sharp rejection has left traders questioning whether the price action reflects natural market behaviour or something more deliberate. The push toward $0.45 initially appeared strong, with ONDO rising from its $0.35 base. Yet every attempt to break past $0.45 has met resistance, leaving a clear upper wick on the charts. This pattern suggests traders are actively distributing into rally strength rather than holding positions.
The rejection at $0.45 has not triggered panic, given the broader market’s resilience with equities near highs. Instead, the pullback looks more like profit-taking than fear-driven selling. Still, the price action feels less like organic trading and more like a coordinated shakeout. Data reveals calculated moves by large players, with back-to-back liquidation events on both sides of the market. Whales appear to be hunting liquidity before committing to a clearer trend. Short clusters now sit above $0.40, while long liquidation zones remain sensitive near $0.30. For now, the $0.35-$0.36 support continues to hold, keeping the bullish scenario alive. A decisive reclaim of $0.45—backed by strong volume—would open the path to the next liquidity pocket.
ONDO’s repeated rejection at $0.45 highlights the strength of that resistance zone. The market’s structure still leans on $0.35 support, but any upward break will need conviction. Until then, traders are watching for signs of whether whales are positioning for another push or preparing for deeper consolidation.
