Key Takeaways
78.68% of Binance traders are betting on long positions for ONDO. But despite the bullish sentiment, the RSI is signaling a possible correction.
After breaking down a key support level earlier, Ondo Finance [ONDO] has surged by 73%, successfully forming a bullish price action pattern and teetering on the edge of a breakout.
This strong reversal is attracting massive attention from traders, who are now heavily betting on long positions.
Expert eyes a 40% — 50% price uptick
Recently, a well-followed crypto expert made a bold prediction, noting that utility tokens are pumping and that ONDO will soon follow.
He further stated that a daily close above the $1.20 level could propel ONDO’s price by 40%–50% in the coming weeks.
At press time, ONDO’s price remained strong at $1.07 near a key level, having risen 4% over the past 24 hours. Given the current market structure and bullish setup of the asset, investor participation has skyrocketed.
CoinMarketCap’s data reveals that ONDO’s 24-hour trading volume has soared by 60% compared to the previous day.
Traders bet bullish
Traders and investors have been betting strongly on the bullish side, as reported by on-chain analytics platform CoinGlass.
Data shows that the Binance ONDOUSDT Long/Short Ratio was 3.69 at press time, meaning that traders betting on long positions far outnumbered short sellers 3.69x.
At the time of writing, 78.68% of Binance traders were betting on long positions, while 21.32% were on short positions.
Source: CoinGlass
Investors are also aligning with the current market sentiment.
Over the past 24 hours, $1.20 million worth of ONDO tokens have left the exchanges. This substantial outflow of tokens suggests potential accumulation and could create buying pressure and upside momentum.
ONDO: Breaking down key levels
AMBCrypto’s technical analysis suggested that ONDO was in an uptrend at the time of press, but based on past performance, this level appeared to be a strong area of selling pressure.
Since the beginning of 2025, ONDO’s price has reached this level more than four times, each time witnessing a sharp selloff and a significant price drop.
Source: TradingView
However, this time, the sentiment and overall market structure is different, and due to multiple retests of this level, it may have weakened, potentially allowing the asset to breach this level more easily.
Based on recent price action, ONDO has the potential to soar 38%, all it needs is a daily candle close above the $1.15 level.
If this happens, the asset could not only reach the $1.60 level but also open the path for a massive price rally.
As of now, the asset’s Relative Strength Index (RSI) stands at 75, indicating that it is in overbought territory and could face a potential correction.
However, if the bullish sentiment remains unchanged, the RSI alone may not control ONDO from breaching this key level.
