ONDO Price Surges 10% — Six-Month High Incoming?
ONDO just ripped past resistance with a double-digit surge—traders are scrambling as momentum builds toward levels not seen since March.
The Technical Breakout
That 10% pump isn't just noise—it's breaching key technical barriers that had caped previous rallies. Volume's spiking, bids are stacking, and the charts are printing a classic bullish pattern.
Market Sentiment Shift
Whispers of institutional accumulation are circulating—no hard evidence yet, but the order flow suggests something's brewing beyond retail FOMO. Even the perpetual swaps are tilting long without excessive funding rates.
Macro Meets Crypto
With traditional finance still tangled in paperwork and compliance theater, assets like ONDO remind us that digital markets move at light speed—while banks are still faxing confirmations.
What's Next?
If this momentum holds, that six-month peak isn't just possible—it's probable. But in crypto, today's breakout can be tomorrow's liquidation cascade. Trade accordingly.
ONDO Rally Gains Strength: Positive Sentiment Fuels Leveraged Bets
The surge in price comes as market sentiment tilts increasingly positive. Santiment data shows that weighted sentiment around ONDO is firmly in buy-side territory, reflecting growing Optimism among traders and investors. As of this writing, the metric stands at 0.554.
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The weighted sentiment metric analyzes social media and online platforms to gauge the overall tone (positive or negative) surrounding a cryptocurrency. It considers the volume of mentions and the ratio of positive to negative comments.
When an asset’s weighted sentiment is positive like this, there are more positive comments and discussions about the cryptocurrency than negative ones, suggesting a favorable public perception.
The more the bullish bias toward ONDO grows, the more retail traders are inspired to take new trading positions, which can drive up the token’s value in the NEAR term.
In addition, the growing bullish sentiment on-chain aligns with the broader upswing in futures activity, with ONDO’s open interest now sitting at a nine-month high. At $586 million as of this writing, it has climbed 43% over the past seven days.
Rising open interest during an uptrend typically signals fresh capital entering the market rather than just existing positions rotating funds.
For ONDO, this means that its futures traders are increasingly willing to back the token’s upside with Leveraged bets, a trend that can push price gains if momentum continues.
Can Demand Push It to a Six-Month High?
On the daily chart, ONDO currently hovers above the support floor formed at $1.01. If demand grows and this price level strengthens, it could propel ONDO to a six-month high of $1.23.
A successful breach of this long-term resistance could open the door for a rally toward $1.40.
On the other hand, if buying falls and profit-taking resumes, Ondo could break below $1.01, leading to a deeper decline to $0.85.
