ONDO Shows Bullish Momentum, Targets $1.25 Resistance Breakout

ONDO displays strength in a mixed cryptocurrency market, currently trading at $1.02 with a 1.58% daily increase despite a 23.74% drop in trading volume. The token maintains a bullish technical stance, supported by strong footing at $0.90 and potential to surpass the $1.25 resistance level.

Market indicators highlight growing institutional engagement, with Open Interest rising to $468.30 million alongside a positive OI-Weighted Funding Rate of 0.0061%. The price remains above all key EMAs (ranging $0.97-$0.93), while the RSI confirms sustained upward momentum after bouncing from critical support.

Trading activity presents a complex scenario - the 24-hour volume of $334.91 million shows reduced participation, yet the technical breakout above moving averages indicates continued buyer dominance. A strong close above $1.25 could trigger the next significant upward movement.