ONDO Nears Breakout on Binance as Bulls Dominate with 78.68% Long Positions

ONDO Finance's token is approaching a critical breakout point, fueled by strong bullish sentiment among Binance traders. With 78.68% of positions leaning long and a 73% surge since reclaiming key support, the token trades at $1.07. Analysts suggest a daily close above $1.20 could spark a 40-50% rally, as trading volume jumps 60% in 24 hours.

ONDO Faces Critical Breakout Threshold Amid Bullish Sentiment

ONDO Finance's token teeters on the edge of a decisive breakout, with 78.68% of Binance traders holding long positions. The asset has surged 73% since reclaiming a key support level, now trading at $1.07. A daily close above $1.20 could trigger a 40-50% rally, according to market analysts.

CoinGlass data reveals a 3.69 long/short ratio on Binance, reflecting overwhelming bullish conviction. Trading volume spiked 60% in 24 hours as the RSI hints at potential overbought conditions. "Utility tokens are priming for moves," noted one prominent trader, positioning ONDO as the next candidate for acceleration.