ONDO tests $0.34 demand zone as bears test $0.305 floor
Ondo (ONDO)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that ONDO has retreated from a potential breakout above $0.42 resistance, dropping 7% over the past week toward the $0.30 demand zone. Open Interest fell from $122 million to $112 million in 24 hours, while spot Cumulative Volume Delta declined alongside negative funding rates. Although funding rates were marginally positive at the time of writing, these indicators collectively signaled bearish dominance.
Early in 2026, ONDO swung from $0.47 down to $0.20, establishing a bearish trend that has not decisively broken since. A bullish move in May failed to breach the $0.47 high, and a July breakout was rejected at the $0.413 local resistance. The Chaikin Money Flow sits at +0.06, indicating capital inflows, but the RSI of 46.6 shows neutral momentum.
Traders lost the mid-range level of $0.364, and the $0.34 local demand zone is currently being tested. A breakdown below $0.34 could lead to a dip toward the $0.305-$0.320 range. Traders are advised to cut positions if the price falls below $0.30 and adopt a bearish bias.
How the market reacted
Whalio's own Binance spot order flow for ONDO, measured when this story was written up on 31 August 2026. Not the outlet's figures.
Whalio data shows ONDO trading at $0.3441 with a 1-hour buy ratio of 55.8% and a 4-hour buy ratio of 53.9%, indicating short-term buying pressure. This contrasts with the 24-hour buy ratio of 47.2%, suggesting that recent buying activity is outpacing the longer daily average. The 1-hour volume delta is positive at +$28,864, and the 4-hour delta is +$76,568, showing net buying in the immediate term. However, the 24-hour volume delta is -$547,465, indicating that selling pressure has dominated over the full day. The 24-hour CVD closed at -$577,462, confirming that cumulative selling exceeded buying over the last 24 hours. Net buying occurred in only 10 of the last 24 hours, with spot volume reaching $9,678,302 across 54,814 trades.
The latest daily buy ratio of 48.1% sits at the 32nd percentile of the last 322 days, against a median of 49.5% - ordinary for this coin.
Twenty-four hours later
What ONDO did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ONDO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.1%, making today's 24-hour ratio of 47.2% slightly below the weekly norm by 1.0 points. Trading volume was 0.65x the weekly average, indicating a quieter day than usual. The coin saw net buying on only 2 of the past 7 days, with a total volume delta of -$3,634,980 over the period. Price has fallen 10.1% over the last 8 days, reflecting the broader bearish structure noted in the report. This daily activity continues the downtrend that began with a swing from $0.47 to $0.20 earlier in 2026.