ONDO whale activity soars by 201% – Here’s what it means for price
01/08/2025 05:00
As ONDO captures whale attention and maintains bullish momentum, traders should keep an eye on critical levels for potential upside.
- ONDO’s large transaction volume surged by 201% in the past 24 hours.
- The major liquidation areas were near $1.49 on the lower side and $1.55 on the upper side, with traders over-leveraged at these levels.
AMBCrypto’s look at on-chain analytics firm IntoTheBlock revealed that Ondo Finance’s [ONDO] large transaction volume surged by 201% in the past 24 hours.
This data has been gaining widespread attention from crypto enthusiasts, as the spike in large transaction volume followed a successful retest of the breakout level on a weekly timeframe.
Source: IntoTheBlock
Despite the surge in large transaction volume, long-term holders appear to be accumulating the token, according to Coinglass.
Data from Spot Inflow/Outflow revealed that exchanges have recorded an impressive outflow of $5.4 million worth of ONDO tokens.
In the cryptocurrency landscape, outflow indicates potential accumulation as the asset moves from exchanges to wallets, creating buying pressure and driving upside momentum.
ONDO: What does the price prediction say?
At press time, ONDO was undergoing a price correction after rallying over 22% on the daily timeframe.
On the weekly timeframe, however, the token had successfully retested the breakout level and had formed a bullish Harami candlestick pattern at a key support level.
Source: Trading View
Based on recent price action, if ONDO maintains its position above the $1.30 level, there is a strong possibility it could soar by 40% to reach the resistance level at $2.13 in the future.
On a positive note, ONDO’s Relative Strength Index (RSI) was 61 at press time, which was below the overbought zone, suggesting potential upside momentum.
Major liquidation levels
The token’s major liquidation areas were near $1.49 on the lower side and $1.55 on the upper side, with intraday traders appearing over-leveraged at these levels, according to Coinglass.
Read Ondo Finance’s [ONDO] Price Prediction 2025–2026
At the time of writing, ONDO was trading near $1.52, having experienced a modest price decline of 1.2% in the last 24 hours.
However, during the same period, its trading volume surged by 21%, indicating heightened participation from traders and investors.