ONDO's Price Swings Spark Market Manipulation Suspicions at $0.45 Resistance

ONDO’s latest price swings have raised questions about market manipulation. A sharp rejection at the $0.45 resistance level suggests coordinated selling rather than natural trading. Observers now point to deliberate positioning by large holders—often called whales—shaping the token’s movements.

The token had climbed steadily from $0.35 support, only to face another abrupt reversal at a familiar ceiling. ONDO’s recent rally began with a steady push from $0.35, rekindling hopes of a breakout. Buyers drove the price upward, approaching the $0.45 resistance zone once more. But as soon as it touched that level, sellers intervened aggressively, leaving a pronounced upper wick on price charts.

This pattern has repeated multiple times, with $0.45 acting as a firm barrier. Each attempt to breach it has ended in rejection, indicating strong distribution at that point. Analysts note that the behaviour resembles liquidity hunting by whales—large traders deliberately triggering stop-losses before committing to a trend.

Technical indicators reflect a loss of momentum but not a full breakdown. The Relative Strength Index (RSI) has pulled back from overbought levels, while the Moving Average Convergence Divergence (MACD) shows a slight downturn. Meanwhile, liquidation clusters reveal sensitivity: short positions gather above $0.40, and long positions remain vulnerable near $0.30.

Despite the setback, the $0.35–$0.36 support range continues to hold, keeping the bullish case alive. Broader market conditions, including equities trading near highs, suggest the rejection at $0.45 stems more from profit-taking than panic. Yet the repeated liquidation events on both sides of the market hint at calculated moves by major players. ONDO’s price action now sits at a crossroads. The $0.35 support must hold to maintain the bullish outlook, while $0.45 remains a stubborn hurdle. Traders are watching closely for signs of whether whales will push for another shakeout or allow a clearer trend to develop.