ONDO recorded its sharpest move in weeks, dropping 10.6% in a single hour to trade at $0.5095. The decline followed an earlier daily high of $0.6066, underscoring a rapid deterioration in intraday sentiment.
The token was down 6.55% over the preceding 24 hours, with 24-hour trading volume reaching $58,865,370.84. Analysts tracking on-chain activity pointed to large wallet movements and possible whale-driven selling as a likely trigger for the sudden price swing, although no single catalyst has been confirmed.
Market participants are watching two key technical levels: resistance near $0.57 and immediate support around $0.50. A break below support could invite additional selling pressure, while a move back above resistance may signal a recovery attempt. The broader cryptocurrency market has shown mixed signals, leaving traders cautious about follow-through volatility in ONDO.
