According to reports from AMBCrypto, Ondo Finance [ONDO] rebounded 10.45% from a $0.37 dip and climbed to $0.44 after defending the $0.4 support level. At press time, ONDO traded at $0.42, showing signs of recovery as market sentiment improved and investor fears cooled. However, trading volume dropped 32%, signaling lower market participation despite the price movement.
As reported by AMBCrypto, Open Interest jumped 15% to $223 million, while Derivatives Volume fell 37% to $682 million. The rise in Open Interest suggested leverage was building quietly, but traders remained cautious. Higher Open Interest alongside weaker Derivatives Volume often preceded stronger breakouts or sharper pullbacks. The market structure still reflected hesitation despite the rebound.
According to Coinalyze data cited by AMBCrypto, sellers dominated the market for five consecutive days with sales volume reaching 101 million over the past 24 hours. Buy volume dropped to 99 million, leaving the market with a negative delta. Exchange flows reinforced the bearish pattern with $50.32 million moving into exchanges compared to $48.2 million in outflows. As a result, Spot Netflow rose 280% to $2.1 million, confirming continued selling pressure.
As reported by AMBCrypto, the Relative Strength Index (RSI) remained elevated at 63 with its signal line at 61, showing that both buying and selling activity remained intense. The MACD line rose to 0.027 while the signal line climbed to 0.26, reflecting an ongoing battle for short-term control. If demand strengthens further, ONDO could reclaim the $0.47 resistance and target $0.5, while continued profit-taking could drag the altcoin below $0.4 and back toward $0.37.
