ONDO Breaks Descending Triangle, Eyes $1.40 Target Amid Whale Accumulation and Strong Sentiment

ONDO Breakout Signals Trend Reversal: Whales, Sentiment, and On-Chain Activity Point to $1.40 Target

ONDO Breaks Multi-Month Descending Triangle, Setting Stage for Strong Bullish Run

ONDO’s price action recently shattered a significant multi-month descending triangle pattern, a classic technical formation that often signals the end of prolonged consolidation and the start of a new uptrend. The daily candle close above $0.87 confirmed this breakout, propelling ONDO toward the $0.94 resistance-turned-support level. This breakout has opened clear paths toward higher targets at $0.965 and $1.116, with the possibility of reaching $1.40 if bullish momentum continues.

This breakout is not occurring in isolation. It aligns with broader market factors, including whale accumulation, sentiment dynamics, and on-chain metrics, which collectively paint a compelling picture of sustained upside potential for ONDO.

Key Technical Breakout: From $0.87 to $1.40?

The descending triangle—a pattern characterized by a horizontal support line and a descending resistance line—had kept ONDO trapped in a tight range for months. Breaking above the resistance line at $0.87 with strong volume marks a critical trend reversal.

• After breaking out, ONDO tested $0.94, confirming it as new support.

• The next resistance levels to watch are $0.965 and $1.116.

• If buying pressure holds, ONDO could challenge the psychologically important $1.40 price point, a level not seen since previous rallies.

Such a sustained breakout would represent a strong bullish pivot, especially following an extended consolidation phase.

Can Positive Market Sentiment Sustain ONDO’s Rally?

Sentiment analysis reveals that ONDO’s weighted sentiment score surged to 2.24, one of the highest readings in months. This sharp increase reflects heightened optimism and growing speculative interest from traders and investors.

Historically, spikes in sentiment like this often precede price rallies. However, it’s important to note that sentiment extremes can invite volatility, as traders sometimes take profits during euphoric phases.

Despite this, current market conditions show a positive consensus. As long as positive sentiment aligns with fundamentals and price action, the breakout stands a good chance of being sustained by growing investor confidence.

Whale Activity: The Silent Support Behind ONDO’s Surge

Data from Santiment highlights a sharp increase in average spot order size, indicating that whales and large buyers are quietly accumulating ONDO amid the breakout.

• Whale accumulation is significant because large orders help absorb retail volatility.

• It provides structural price support, allowing for smoother upward momentum.

• Retail traders often chase short-term price swings, but whales typically accumulate with a long-term conviction.

If this trend of whale buying persists, ONDO’s breakout will gain the robust backing needed for a sustained rally.

Network Activity Validates ONDO’s Rising Price

On-chain data adds another layer of confidence. At the time of writing, ONDO’s Price to Daily Active Addresses (DAA) divergence stood positive at around +152%. This means:

• The number of daily active addresses is growing faster than the price itself.

• Such divergence indicates healthy network usage and genuine demand beyond speculative buying.

• Sustained growth in daily active addresses (DAA) generally supports a sustainable rally and strengthens ONDO’s real-world use case.

However, investors should watch for any divergence collapse, where price continues to rise while DAA stagnates or falls, which could indicate weakening momentum and potential corrections.

Leveraged Long Positions: Fuel or Foe?

Binance data shows a long/short ratio of 3.23, meaning over 76% of traders hold long positions on ONDO. This extreme retail confidence can be a double-edged sword:

• A high concentration of longs suggests strong bullish sentiment.

• However, if price unexpectedly reverses, this could trigger mass liquidations, leading to sharp downturns.

• For now, the data implies that bullish traders dominate, and leveraged longs may propel the rally higher, provided support levels hold firm.

This scenario points to a potential springboard effect from leveraged positions, pushing ONDO upwards.

Can ONDO Defend the Breakout and Reach $1.40?

The convergence of whale buying, elevated sentiment, strong network fundamentals, and robust retail participation suggests that ONDO’s breakout is well-supported.

• Sustained buying pressure and network growth will be critical.

• Balanced sentiment will help avoid volatility that could destabilize the rally.

• Key resistance zones to watch are $1.116 and $1.40 — breaking these would confirm the strength of the uptrend.

Given current market dynamics and the alignment of technical and fundamental factors, ONDO appears well-positioned to maintain momentum and potentially achieve the $1.40 target in the near term.

Summary: Why ONDO’s Breakout Matters

• Technical breakout above a descending triangle confirmed by daily close above $0.87.

• Next resistance targets: $0.965, $1.116, and a potential rally to $1.40.

• Bullish sentiment at a multi-month high supports continued price gains.

• Whale accumulation stabilizes price and underpins upward momentum.

• Positive Price-DAA divergence validates real network usage and growing adoption.

• Retail traders heavily long but cautious of possible liquidation risks.

• Overall, ONDO is demonstrating strong signs of a sustainable uptrend following months of consolidation.

Nataliya Ivanova publication: "ONDO Breaks Descending Triangle, Eyes $1.40 Target Amid Whale Accumulation and Strong Sentiment" was written for 24crypto.news

---

News from today

---

Related news

Dogwifhat (WIF) Breaks Out of Descending Triangle: Can It Maintain the Bullish Momentum?

$0.78 Stellar (XLM) Price Target: Descending Triangle Breakout Fuels 2025 Bull Run

Chainlink (LINK) Price Rebound: Whale Accumulation & Bullish Triangle Target $27 Breakout

Solana Eyes $300 Amid Strong Accumulation Trends

More news with author: Nataliya Ivanova