$ONDO

🎯 ONDO Trade Strategy (July 23, 2025):

🔼 Breakout Play

Entry: Daily close above $1.12–$1.13 with strong volume

Targets:

Stage 1: $1.30

Stage 2: $1.60–$1.75 (ETF-driven extension)

Stop-Loss: Below $1.05

🔽 Pullback Entry

Entry Zone: $1.05–$1.08 (post-breakout tag-back to EMAs)

Target: Bounce toward $1.12–$1.15

Stop-Loss: Below $1.00

📌 Rationale

ETF Filing Catalyst: 21Shares filed for a spot ONDO ETF, triggering a 7% daily jump and institutional buzz

Technical Setup: Price above key EMAs with RSI ~78 suggests momentum remains bullish, though overbought—watch for high-volume continuation

On‑Chain Flow: Elevated futures open interest (~$231M) and daily active addresses rising +35%, confirming strong participation

➡️ DYOR .

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