๐ข๐ก๐๐ข ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐๐ฒ๐ฎ๐ฑ๐ ๐ฅ๐ฎ๐น๐น๐ โ ๐ก๐ฒ๐ ๐ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐ $1.40?
โ ONDO has finally broken out of months of sideways trading, closing above $0.87 and flipping resistance into strong support.
The current price is $1.0181, showing the bulls are still in control.
๐ What Triggered the Breakout?
Triangle pattern breakout: Price broke above the $0.87โ$0.94 resistance area, confirming a trend shift.
Whale accumulation: On-chain data shows larger transaction sizes โ big buyers entering.
Sentiment spike: Crowd sentiment jumped to 2.24, signaling renewed optimism.
Active addresses up 152% vs. price: This shows real network use, not just speculative pumps.
All these factors combined to strengthen the move, making it more sustainable than an ordinary rally.
โ๏ธ Technical View
After the breakout, ONDO flipped old resistance into support โ this supports continued upside.
Next price levels to watch:
โ $1.116 โ short-term target from recent swing highs.
โ $1.40 โ larger resistance zone from historical price data.
Watch if price stays above ~$0.94: this keeps the breakout valid.
Daily active addresses rising faster than price โ usually bullish.
Over 76% of traders on Binance are long ONDO โ this adds buying pressure, but could risk quick pullbacks if price dips too fast.
๐ Why It Matters for Traders
โ Whale buying often adds stability โ big players can absorb volatility.
โ Rising on-chain activity shows the rally has real support, not just hype.
โ But if address activity slows or whales stop accumulating, price could correct fast.
โ As long as price holds above $0.94โ$0.965 zone, the next wave toward $1.116 and $1.40 stays in play.
๐ Simple Summary
ONDO finally escaped a long sideways range thanks to whale interest, bullish sentiment,
Price now targets $1.116 first, then possibly $1.40.
Traders should watch:
price holds above resistance
Daily active addresses
