Most traders are selling ONDO because they see the chart. I looked at what is happening behind the chart.
After digging into the data, I found something interesting.
A team-linked wallet has been sending 20.2M ONDO to Coinbase in multiple 4M batches. Every deposit has added fresh selling pressure, which explains why price lost the $0.40 support.
Here's the part most people are missing...
Despite these deposits, exchange data shows buyers are still absorbing supply, while DefiLlama reports protocol inflows at an 11-week high. Capital is entering the ecosystem even as sentiment stays bearish.
That tells me this isn't a normal panic sell-off. It's a market trying to absorb continuous supply.
My trade plan: 📍 Entry: $0.36–0.37
🛑 Invalidation: Below $0.33
🎯 TP1: $0.40
🎯 TP2: $0.42
🎯 TP3: $0.45+
If the team finishes these transfers and ONDO reclaims $0.40, I believe the risk-reward becomes attractive. Until then, I treat this as a calculated setup, not a guaranteed reversal.
I'm buying the reaction to the data—not the fear.
$ONDO #vikasjangra #TradingSignal $ONDO