Altcoins News
By Maheen Hernandez
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Ondo Finance (ONDO) has recently witnessed notable whale activity that could signal an impending shift in its price trajectory. A large investor has deposited 5.
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The whale’s decision to take profits raises the question: Is this indicative of a broader bullish trend for ONDO, or is it a temporary fluctuation before another downturn?
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The symmetrical triangle is crucial in determining the next price move for ONDO. A successful breakout above the resistance could propel the token to higher price levels,…
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On-chain data reveals that 85.63% of ONDO holders are currently in profit, while only 2.87% are out of the money. This shows strong support at the current price of $1.
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The 24-hour liquidation heatmap further emphasizes the importance of the $1.34 to $1.35 range.
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In addition to whale activity and price dynamics, ONDO has recently formed a strategic partnership with World Liberty Financial (WLFI).
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While the whale activity and strategic partnership signal potential growth for ONDO, its price movement will largely depend on whether it can break the $1.
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In conclusion, ONDO’s price action, whale activity, and promising partnership with WLFI indicate the token could be on the verge of a breakout.
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