ONDO Poised for Potential Breakout: Whale Accumulation and Technical Setup 🚀
*Whale Activity:*
- *Mid-tier Whales*: Accumulated ~3 million ONDO in early July, signaling strong bullish intent.
- *Profit-taking*: One whale sold ~2.7 million ONDO, locking in ~$123k profits after a 2.5-month hold.
*Technical Setup:*
- *Price Action*: Trading near $0.76-$0.77, with positive volume direction.
- *Falling Wedge Breakout*: A bullish pattern forming, with potential for a 130% breakout toward $1.20.
*Fundamental Tailwinds:*
- *Global Markets Alliance*: Ondo's expansion of tokenized RWA ecosystem supports narrative.
- *Institutional Play*: Strong institutional demand and tokenization momentum.
*Trade Strategy:*
- *Dip Buy*: Entry level $0.75-$0.76, target price $0.90-$0.92, stop loss below $0.73.
- *Breakout Entry*: Close > $0.78-$0.79, target price $1.20, retest of breakout (~$0.76).
*Potential Rally:*
- *+50-130% Rally*: Pending confirmation via breakout above $0.78-$0.79, backed by whale accumulation and RWA fundamentals.