ONDO’s Short-Term Price Targets Could Be Under Threat – Here’s Why

Key Developments

A U.S. whale has accumulated 1.08M ONDO tokens ($1.83M) via Coinbase, signaling confidence in a breakout.
ONDO’s price surged 13.26% to $1.80, but trading volume dipped 10.75%, raising concerns about sustainability.
Technical indicators (Parabolic SAR, AROON) suggest bullish momentum, yet low volume hints at buyer exhaustion.

Whale Activity Sparks Rally

A major U.S. investor purchased 1,085,120 ONDO tokens ($1.83M) within 24 hours, leveraging Coinbase. Such accumulation often:

Triggers retail trader interest.
Signals undervaluation or impending price hikes.
👉 Learn how whale movements impact crypto markets

Why It Matters: Large buys can propel prices, but sustained rallies require broader market participation.

Technical Outlook: Bullish Flag Breakout

ONDO broke out of a bullish flag pattern, historically indicating:

49.63% upside potential (target: $2.44).
Replication of prior rally legs before consolidation.

Indicators Supporting Growth:

Parabolic SAR: Dots below price = strong uptrend.
AROON: Orange line (100%) > Blue line (37.25%) = robust demand.

Risks: Declining Volume Threatens Momentum

Despite the 13.26% price surge, ONDO’s volume fell 10.75% ($620.09M total). This divergence suggests:

Weak buyer support.
Potential reversal if volume doesn’t rebound.

Critical Factor: For rallies to endure, volume must confirm price action.

FAQ Section

Q1: Why did ONDO’s price surge?
A: Whale accumulation and technical breakout fueled gains, but low volume raises sustainability doubts.

Q2: What’s ONDO’s next price target?
A: $2.44 (49.63% hike) if bullish momentum holds, per the flag pattern projection.

Q3: How reliable are technical indicators here?
A: While Parabolic SAR and AROON signal strength, volume trends are equally critical for validation.

👉 Explore crypto trading strategies

Conclusion

ONDO’s short-term trajectory hinges on volume recovery. Whale activity and technicals favor upside, but buyer exhaustion risks loom. Traders should monitor:

Volume trends.
Key resistance levels.
Macro market sentiment.