ONDO Floods Into Coinbase as Resistance Looms at $0.4236

A significant influx of ONDO into Coinbase has taken place over the past 24 hours, exceeding 8.1 million tokens in value at $0.4236.

The latest transfer, amounting to 4.105 million ONDO worth $1.66 million, brought total deposits beyond this milestone.

This is not an isolated incident; consecutive deposits have made a considerable impact on the market by introducing additional liquid supply into the trading venue.

However, Spot activity has shown caution with selling pressure taking precedence over buying interest. The 90-day Spot Taker Cumulative Volume Delta (CVD) remains seller dominant, indicating an imbalance in the market.