ONDO is trading at $0.5048, reflecting a 3.05% decrease in the last 24 hours, yet the token remains up by 16.15% over the past week. Market data shows that buyer momentum in the spot market i
ONDO is trading at $0.5048, reflecting a 3.05% decrease in the last 24 hours, yet the token remains up by 16.15% over the past week. Market data shows that buyer momentum in the spot market is strengthening, even as recent leveraged positions have been cleared due to a market shakeout.
Analyst Sarosh reported on X that ONDO is consolidating near $0.5199 following a rapid correction, describing the setup as stable and constructive. He detailed that spot buyers are consistently absorbing available supply on higher timeframes.
Net inflows for spot markets reached $1.27 million on the 12-hour period, marking the strongest buying activity among monitored timeframes. Inflows on the 8-hour window registered $777,550, and the 4-hour window saw $529,580, underscoring sustained buyer interest across durations.
Sarosh highlighted that these inflows provide solid support for the token’s lower boundaries. On the derivatives front, the market recently experienced a $1.95 million liquidation event, primarily affecting traders with leveraged long positions.
In the hours following the flush, short liquidations became more significant. On the 1-hour chart, short positions worth $51,800 were closed, outpacing $10,100 in liquidated longs. Similarly, on the 4-hour chart, $81,760 in shorts and $27,570 in long positions were liquidated. This shift, Sarosh noted, results in a cleaner market structure, with late short-sellers potentially adding upward friction to price movement.
Spot buyers are increasingly absorbing available supply across longer timeframes, with net inflows reaching $1.27 million on the 12-hour window. Following a $1.95 million leverage flush, short liquidations have outpaced longs, supporting a cleaner structure for ONDO price action.
Binance’s top trader margin positioning moved to 2.7896, which Sarosh described as a demonstration of trader confidence. The funding rate for perpetual contracts has flattened, indicating that derivatives market funding has returned to neutral conditions.
Looking ahead, Sarosh expects ONDO to trade in a choppy consolidation pattern with a slight upward bias, moving within a range of $0.5050 to $0.5400. He considers downside risk to be neutral after the removal of overleveraged longs, suggesting that there will be robust defense of buyer support zones if downward movement occurs.
Meanwhile, analyst Giannis Andreou shared that ONDO has surpassed 1 million wallets interacting with its tokenized assets. These wallets are engaged across products including tokenized stocks, ETFs, and Treasuries. He also mentioned that BlackRock strategies are now being integrated onchain through the ONDO platform.
More than 1 million wallets have participated with ONDO’s tokenized assets, spanning a range of traditional financial products and highlighting the platform’s rapid growth.
ONDO recorded a trading volume of $301,351,007 over the past day. Andreou characterized ONDO as building a bridge between traditional finance and cryptocurrencies as it continues developing its tokenization offerings.
As traders track ONDO’s price within its current consolidation range, patterns seen in the meme token market are gaining attention. In this segment, internet trends can rapidly transform into large amounts of trading activity. Data from Fomo App recently revealed that one trade in the “Niu Lai” meme token converted a $99 investment into roughly $370,000 within a short period. Tracking not just price, but also trade timing and token selection, is essential in this fast-moving space. Fomo App offers features like token discovery, trading tools, social feeds, investor rankings, and real-time notifications on a unified platform, supporting users seeking to monitor both meme tokens and overall investor behavior.
The post ONDO trades at $0.5048 as spot inflows rise, over 1 million wallets interact appeared first on COINTURK NEWS.
