ONDO’s triangle breakout – How high can its price really go?

Key Points

1. ONDO broke out above $0.87, confirming a multi-month descending triangle breakout and flipping previous resistance into support.

2. The token's weighted sentiment surged to 2.24, reflecting strong bullish momentum and market confidence.

3. Whale activity increased during the breakout, indicating large buyers and potential stabilization of the price rally.

4. ONDO's Price-DAA divergence was positive (+152%), suggesting sustainable growth due to rising daily active addresses.

5. The long/short ratio on Binance was 3.23, with over 76% of traders positioned for upside, though extreme leverage could pose risks if the price drops.