Whale Invests $6.25M in ONDO, Price Faces Resistance
The Most Important Points at a Glance
A whale recently invested $6.25 million in Ondo (ONDO), increasing interest in the token. Despite a short-term price surge, there are resistance levels and liquidation risks. Market sentiment remains mixed, with opportunities for a breakout but also risks of a correction.
Major Investor Bets on ONDO – Market Reacts
A significant investor has sold their holdings in $PEPE and $BEAM, accepting a loss of $14.14 million. The received $6.25 million DAI was mostly invested in ONDO – specifically, $5.34 million DAI at an average price of $1.17 per token.
Currently, ONDO is trading at $1.11, reflecting a 10.16% increase in the last 24 hours. The question remains: Is this the start of an upward trend, or is a correction looming?
Growing Activity Among ONDO Addresses
Data shows increasing user activity:
- New ONDO addresses have risen by 15.39% in the past seven days.
- The number of active addresses has increased by 36.14%.
- Zero-balance addresses – wallets with no funds – have grown by 27.05%.
These numbers indicate that ONDO is gaining more attention, even if not all users are holding significant amounts.
Price Development: Resistance and Support Levels
Since January 2025, ONDO has been moving within a descending channel with the following key levels:
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- Resistance: $1.25
- Support: $1.00
A breakout above $1.25 could push the price to $1.50 or even $1.80. However, if ONDO falls below $1.00, further downward pressure is likely.
Market Sentiment: Majority of Investors in Profit
Currently, 79% of ONDO holders are “in the money” – meaning they acquired their tokens at a price lower than $1.12. Meanwhile, 16% are “out of the money,” having bought at higher prices.
As long as support holds, sentiment remains positive. However, a price decline could put pressure on investors who bought at higher levels.
Liquidations and Open Interest: Who Dominates the Market?
Open Interest (OI) – an indicator of the trading volume of open contracts – has increased by 13.70% to $320.59 million. This suggests that traders anticipate higher volatility.
However, in the past few hours, $603,420 in long positions have been liquidated, while only $25,530 in short positions were affected. This indicates that the market is currently leaning bearish.
Our Assessment
The whale’s investment in ONDO demonstrates confidence in the token, but market conditions remain uncertain. Resistance at $1.25 and high liquidations could create short-term pressure. A sustained upward movement is possible, but so is a correction.
Traders should closely monitor key levels and account for potential risks.
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