ONDO's price swings expose suspected whale-driven market manipulation tactics

Recent trading in ONDO has revealed signs of deliberate market manipulation by large holders. The cryptocurrency’s price movements suggest coordinated activity rather than natural buying and selling. Analysts point to repeated liquidation events on both sides as evidence of calculated positioning by whales. ONDO’s latest rally began at the $0.35 support level, climbing steadily toward the $0.45 resistance mark. Early momentum appeared strong, but sellers intervened sharply as soon as the price touched $0.45. The rejection left a pronounced upper wick on price charts, indicating heavy distribution into the rally’s strength.

This pattern aligns with broader observations of ONDO’s market behaviour. The $0.45 zone has repeatedly repelled upward moves, absorbing each attempt to break through. Meanwhile, the $0.35-$0.36 support range has held firm, maintaining the technical possibility of a bullish continuation. Market data also shows concentrated liquidation clusters. Short positions are densely packed just above $0.40, while long liquidations remain vulnerable near $0.30. The recent price swings appear less like organic trading and more like a deliberate shakeout, with whales hunting liquidity before committing to a trend. Despite the volatility, broader market conditions remain stable. Equities trading near highs suggest the $0.45 rejection stems from profit-taking rather than panic selling. Traders now watch whether ONDO can reclaim $0.45 with sufficient volume to reach the next liquidity zone.

The $0.45 resistance level remains the key hurdle for ONDO’s next upward move. A break above it with strong volume would signal a shift in momentum. Until then, the market’s structure—with support at $0.35 and liquidation clusters nearby—keeps the focus on whale-driven positioning and potential shakeouts.