ONDO’s on Fire 🔥 – Can it Hit $1.40?

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So, ONDO finally broke out of its multi-month descending triangle – because who doesn’t love a good triangle? 🤣 The token surged above $0.87, and with the daily close, it was like the whole market was screaming, “We’re in, baby!” 🚀

Whale activity and taker buy pressure were on the rise, and weighted sentiment was like, “Hey, we’re feeling good about this!” The DAA divergence was all, “Hey, we’ve got a healthy increase in daily active addresses,” and the market was like, “Yaaas, this rally is sustainable!” 🤩

Can the Good Vibes Last?

ONDO’s weighted sentiment hit 2.24, which is like, super high. Historically, this has meant that a price rally is coming, but let’s be real, it’s not all sunshine and rainbows. 🌟 Sentiment extremes can be a bit of a double-edged sword – they can bring volatility and profit-taking. But hey, for now, the market is feeling optimistic! 🤞

As long as the positive sentiment is backed by fundamentals, ONDO’s breakout will be like, “Hey, I’ve got this!” 💪

Are Whales Quietly Accumulating ONDO?

Spot average order size data was like, “Hey, we’ve got some big buyers in the house!” 🏠 According to Santiment, ONDO’s recent surge drew in some big whale orders, which is like, a strong bullish signal. 🐳 These whales can absorb retail-driven volatility and support upward price momentum, so that’s a win-win! 🙌

If these large participants keep scaling in, ONDO’s breakout might just find the structural support it needs to push higher. 🚀

Is Network Activity Justifying ONDO’s Price?

At the time of writing, ONDO’s Price-DAA divergence was positive, hovering around +152%. This is like, a healthy increase in daily active addresses relative to price action. 📈 As long as on-chain activity grows with valuation, the market will be like, “Yaaas, this rally is sustainable!” 🤩

But, if address activity drops while the price climbs, it could weaken the bullish narrative and invite a correction. So, let’s keep an eye on that! 👀

Will Leveraged Longs Fuel ONDO’s Next Leg?

Data from Binance showed a long/short ratio of 3.23, with over 76% of accounts holding long positions. This is like, a sign of strong retail confidence in further upside. 🚀 But, if the price drops unexpectedly, mass liquidations could trigger a sharp reversal. So, let’s not get too ahead of ourselves! 😬

For now, though, bullish traders are firmly in control. As long as buying pressure persists and support levels hold, leveraged positioning could be like, a springboard rather than a risk. 🤸‍♀️

Can ONDO Defend the Breakout?

The confluence of whale activity, rising sentiment, strong network fundamentals, and retail confidence is like, a perfect storm of awesomeness! 🌪️ ONDO’s breakout has meaningful backing, but the sustainability of this rally will depend on continued buying pressure, steady on-chain growth, and balanced sentiment. 🤞

If these factors align, ONDO could realistically aim for the $1.116 and $1.40 resistance zones in the coming days. So, let’s keep our fingers crossed! 🤞

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2025-07-17 10:35