ONDO Faces Coinbase Deposit Pressure Near $0.345 Support

A team linked wallet recently transferred one point four million dollars worth of ONDO tokens to Coinbase. This fresh supply arrives just as the price tests a crucial Fibonacci support level at zero point three hundred forty five dollars.

While exchange deposits often suggest potential selling pressure, persistent outflows from other wallets have helped absorb some of the impact so far. Traders are watching the order books closely to see if buyers can defend this technical floor.

If the zero point three hundred forty five dollar level holds firm, ONDO might bounce back toward recent trading ranges. A break below this support zone could trigger a deeper correction, making the next few hours critical for the asset.