ONDO Exchange Inflows Watch: Deposits for Binance/Coinbase/Gate dey signal risk say sellers fit dump
On-chain analysts don report say ONDO dey waka enter major CEX deposit addresses again and again, like Binance, Coinbase and Gate. The pattern dey steady, no be one-time, with transfers wey dem flag around ~1M ONDO for some cases and one movement of 6.1M ONDO (about $1.65M then). No official announcement explain the flows.
Traders dey watch ONDO exchange inflows for possible sell-supply wahala. Even if deposits fit come before selling, the latest reports never show confirmed mass selloff. At the same time, ONDO chart still weak: daily structure dey pressured, with resistance around $0.257–0.261 and key support near $0.23634. If daily close fall below $0.23634 e fit confirm range breakdown, and MACD still under zero line, showing bearish momentum.
Net: monitoring ONDO exchange inflows plus weakening daily technicals dey make traders stay for risk-managed, sell-supply watch mode.
Bearish
ONDO inflows dey show as repeated deposits go Binance, Coinbase and Gate, wey dey raise expectation say sellers fit sell even though no official mass selloff don confirm. Di latest view dey supported by weak daily technicals: resistance round ~$0.257–$0.261, support near ~$0.23634, and MACD still under zero—conditions wey fit amplify downside if di inflows later turn to distribution. Short term, dis combination dey make traders cautious and dem dey biased to monitor downside/range-break rather than open new longs; long term, if no clear narrative or confirmation say flows dey benign, repeated CEX deposits fit continue cap rallies and increase volatility risk around di key support.