Whale sell-off shakes up ONDO, but it may not be all bad news – Details

• ONDO hiked and broke out of descending channel regardless of whale exits
• Retail merchants stabilizes ONDO as technical indicators highlighted bullish momentum

A significant whale has disrupted the ONDO market by promoting 10.97M ONDO for $13.57M USDC, incurring an enormous $3.8M loss after simply three months of holding. This sell-off adopted the whale’s prior accumulation of ONDO by buying and selling 4,610.74 stETH valued at $17.38M. 

At press time, ONDO was buying and selling at $1.36, following a 9.65% hike within the final 24 hours. For sure although, the aforementioned sell-off has raised doubts about whether or not it may well maintain its restoration and restore market confidence or not. 

Has ONDO damaged free from its droop?

The altcoin’s value motion revealed some encouraging indicators, with the token breaking out of a descending channel that suppressed its development for weeks. After rebounding from a low of $1.10, ONDO is now concentrating on the essential resistance stage at $1.62. 

This key stage has traditionally acted as a robust hurdle for bulls. Nonetheless, ONDO remains to be far beneath its current peak of $2.20, leaving room for skepticism. Can the token preserve its upward trajectory and take a look at new highs?

Supply: TradingView

Technical indicators level to a bullish shift

On the time of writing, the Stochastic RSI gave the impression to be signaling bullish momentum, with the %Ok line at 58.87 crossing above the %D line at 42.84 – An indication of rising shopping for strain. Moreover, the indicator’s uptrend steered that the token could quickly hit overbought territory. 

The Parabolic SAR confirmed this optimism, with dotted markers forming beneath the value motion, beginning at $1.10. This highlighted a possible reversal to an uptrend. Nonetheless, failure to clear $1.62 might set off renewed promoting strain, tempering this bullish outlook.

Supply: TradingView

ONDO’s community exercise – Development or uncertainty?

Community exercise knowledge revealed a blended sentiment amongst traders. Energetic addresses rose by 43.65% over the previous week, whereas new addresses hiked by 24.89%, reflecting a hike in curiosity. 

Nonetheless, zero-balance addresses have surged by 75.46%, signaling that many traders could also be exiting their positions. This dynamic signifies that whereas ONDO has been attracting new members, lingering issues about its long-term prospects stay prevalent.

Supply: IntoTheBlock

Transactions reveal a retail-driven restoration

Transaction stats highlighted a shift in market dynamics, with retail merchants stepping in as whales retreat. Transactions beneath $10M surged by 69.29%, whereas massive transactions exceeding $10M dropped by 60%. 

This development indicated that smaller traders have been offering essential assist for ONDO’s value motion. Nonetheless, the absence of whale exercise could restrict its means to stage a stronger restoration with out important capital inflows.

Supply: IntoTheBlock

Is ONDO secure from liquidation shocks?

Liquidation knowledge steered that the token has up to now averted main shocks, regardless of the whale’s exit. Each lengthy and quick liquidations remained minimal in comparison with different tokens – Reflecting a comparatively secure market response. 

Nonetheless, future volatility can’t be dominated out. Particularly if extra massive holders determine to exit their positions. This calm earlier than the storm could also be short-lived if investor sentiment falters.

Supply: Coinglass

Learn Ondo Finance’s [ONDO] Worth Prediction 2025–2026

ONDO’s breakout from the descending channel, coupled with rising retail curiosity, presents causes for cautious optimism.

Nonetheless, the absence of whale exercise and resistance at $1.62 poses important challenges to its restoration. Due to this fact, its means to bounce again hinges on overcoming resistance ranges and attracting constant investor confidence within the coming weeks.