ONDO Price Surges After Breakout: Will Bullish Momentum Push It to $1.40?

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Key Takeaways:

• ONDO closed above $0.87, confirming a bullish breakout and flipping resistance into support.
  
• Whale accumulation and positive sentiment are supporting the token’s climb toward $1.116 and $1.40.
  
• On-chain metrics and leveraged positions point to continued upside—if momentum can be sustained.

ONDO’s price is showing significant strength after breaking out of a multi-month descending triangle formation. The Breakout, confirmed by a daily close above $0.87, has ignited bullish momentum that pushed the token toward $0.94. With resistance now flipped into support, traders are watching closely to see if ONDO can maintain its surge toward $1.116 and potentially reclaim the $1.40 level.

Bullish Sentiment Reaches Multi-Month Highs

ONDO’s weighted sentiment has jumped to 2.24, signaling a notable increase in optimism among market participants. This is one of the token’s highest sentiment readings in months, and such levels often align with strong rally phases—especially when backed by technical breakouts.

However, sentiment-driven rallies can be fragile. If euphoria leads to aggressive profit-taking, volatility could increase. Still, as long as sentiment remains fundamentally aligned, ONDO’s bullish trend is likely to persist.

Whale Accumulation Signals Long-Term Conviction

On-chain data from Santiment and CryptoQuant shows a spike in large order sizes, pointing to increased whale accumulation. These larger players often absorb retail volatility and help drive sustained price appreciation.

Whale behavior during ONDO’s breakout supports the view that this rally isn’t purely speculative. Continued accumulation from these investors may provide a solid floor for ONDO’s price and fuel its journey toward $1.116 and beyond.

Healthy On-Chain Activity Supports Price Growth

ONDO’s Price-DAA (Daily Active Addresses) divergence stands at +152%, reflecting a strong increase in user engagement alongside price growth. This metric is a key indicator that ONDO’s current rally is backed by real usage rather than hype.

If network activity continues to scale with price, the rally will gain credibility. A dip in address activity, however, could undercut bullish momentum and raise the risk of a correction.

Data from Coinglass shows a long/short ratio of 3.23 on Binance, with over 76% of accounts positioned long. While this shows confidence in ONDO’s upward potential, such heavy leaning to one side of the trade can amplify downside risk if sentiment shifts suddenly.

Also Read: Ondo Finance Launches $250M Fund to Tokenize Real-World Assets with Pantera Capital

For now, the bulls are clearly in charge. If buying pressure persists and key support zones hold, leveraged positions could help fuel ONDO’s next leg toward $1.40.

ONDO’s breakout above its descending triangle is more than a technical signal—it’s being reinforced by strong sentiment, whale interest, on-chain activity, and retail confidence. If these factors continue to align, ONDO is well-positioned to climb toward $1.116 and potentially challenge the $1.40 mark.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.