ONDO's price broke out of a descending triangle that had persisted for several months, marking a key trend reversal after a long consolidation on the chart.
The daily closing price broke above $0.87, confirming the breakout and pushing the token price up to $0.94, turning previous resistance into solid support. This breakout paves the way for upcoming targets of $0.965 and $1.116. If bullish momentum persists, ONDO may attempt to reclaim the $1.40 level.
This move is achieved under strong market coordination of whale activity, sentiment, and trading behavior—these key factors may determine whether this breakout can be sustained in the coming weeks.
Can positive sentiment maintain bullish momentum above $1?
The ONDO weighted sentiment index surged to 2.24, one of the highest levels in months. Such a significant increase reflects the growing optimism and speculative sentiment among market participants.
Historically, such spikes often precede price increases, especially when supported by bullish breakouts. However, extreme sentiment can often lead to volatility, as profit-taking usually occurs after euphoric phases.
However, at the time of writing, market participants remain confident in ONDO's upside potential. Therefore, as long as positive sentiment aligns with fundamentals, ONDO's breakout will be supported by increasingly strengthened confidence.
Will whales quietly accumulate ONDO during this breakout?
Spot average order size data shows a significant increase in trading volume, indicating the presence of large buyers.
Santiment indicates that ONDO's recent surge has attracted a large number of whale orders into the market—this is a strong bullish signal. Such activity often acts as a stabilizer, absorbing retail-driven volatility while supporting price upward momentum.
While retail interest often fluctuates with short-term price movements, the continued accumulation by whales is typically a sign of long-term conviction.
If these large participants continue to scale up, ONDO's breakout may find the structural support needed to drive its further rise.
Can network activity prove that the rise in ONDO's price is justified?
As of the time of writing, ONDO's price-DAA divergence is positive, hovering around +152%. This metric highlights the healthy growth of daily active addresses relative to price trends.
As long as on-chain activity grows in sync with valuations, the market typically views this rally as sustainable. Additionally, strong DAA performance will enhance ONDO's use case and real-world participation.
In short, the ongoing divergence indicates that the price increase at the time of writing is not entirely speculative. However, any decline in address activity during the price rise could undermine the bullish narrative and trigger a pullback.
Will leveraged longs drive ONDO's next move or backfire?
Data from Binance shows a long/short ratio of 3.23, with over 76% of accounts holding long positions.
This overwhelming preference indicates that retail investors are confident in future gains. However, this extreme positioning could also be a double-edged sword. If prices unexpectedly drop, mass liquidations could trigger a sharp reversal.
However, bullish traders currently seem to have a firm grip on the situation. As long as buying pressure remains and support levels hold, leveraged positions may serve as a springboard rather than a risk.
Can ONDO defend the breakout and aim for $1.40?
The fusion of whale activity, rising sentiment, strong network fundamentals, and retail confidence suggests that ONDO's breakout has meaningful support.
However, the sustainability of this rebound will depend on ongoing buying pressure, stable on-chain growth, and balanced sentiment.
If these factors align, ONDO may have the opportunity to reach resistance levels of $1.116 and $1.40 in the coming days. Therefore, given the current market dynamics, ONDO is expected to maintain upward momentum, with a final target price of $1.40.
