Whale of a Tale: The $6.25M ONDO Drama Unfolds! 🐋💸

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  • Ah, the whale’s grand entrance into the ONDO stage, a spectacle of market intrigue, with support and resistance levels that dance like a waltz.
  • Liquidation trends whisper sweet nothings of bearish sentiment, as long positions are unceremoniously evicted while shorts sip their tea.

In a most theatrical display, a major whale has made quite the splash in the Ondo [ONDO] market, parting ways with its $PEPE and $BEAM treasures for a staggering $6.25 million DAI, all while nursing a $14.14 million loss. Oh, the drama! 🎭

But wait! The plot thickens as our aquatic friend decides to dive back in, purchasing a delightful $5.34 million DAI worth of ONDO at a charming average price of $1.17. What a twist! 🐳

As the curtain rises, ONDO is trading at $1.11, showcasing a 10.16% increase in the last 24 hours. Is this the herald of ONDO’s glorious ascent, or merely a prelude to further misadventures? 🤔

Address stats analysis: A burgeoning interest in ONDO

Recent data reveals a 15.39% increase in new addresses over the past week, a veritable love affair with the token. Active addresses have surged by 36.14%, as users flock to the ecosystem like moths to a flame.

Moreover, a 27.05% rise in zero-balance addresses suggests that many are flirting with ONDO, even if they haven’t yet committed to holding significant amounts. How romantic! 💕

These figures indicate that ONDO is gaining traction, and the market may be in for a delightful romp ahead.

ONDO price action: Is the token on the brink of a breakout?

Our dear ONDO has been pirouetting within a descending channel since January 2025, with resistance at $1.25 and support at $1.00. Currently, it stands at $1.11, flaunting a 10.16% increase in the last 24 hours. Quite the performance!

If it can break through the resistance at $1.25, we might see targets shift to $1.50 and even $1.80. A standing ovation awaits!

However, should ONDO falter and fail to hold support at $1.00, further downside may loom like a dark cloud over our stage. Traders must keep a keen eye on these pivotal levels to gauge the next act.

In/out of the money: A sentiment check for our esteemed holders

At present, approximately 79% of ONDO addresses are “in the money,” having made purchases below $1.12, while 16% find themselves “out of the money.” With around 7.91 billion ONDO tokens held at profitable levels, the market sentiment remains positively buoyant.

Yet, those who ventured in at higher levels may face a perilous fate should the price dip further. Caution is the name of the game!

As long as ONDO clings to key support, optimism reigns for most holders, though a hint of caution lingers in the higher-priced segments. How delightfully dramatic! 🎭

Does the market favor bulls or bears?

The Open Interest (OI) has risen by 13.70%, reaching a staggering $320.59M, signaling that traders are bracing for price volatility. A thrilling ride awaits!

However, liquidation data reveals $603.42K in long liquidations compared to a mere $25.53K in short liquidations, indicating that more traders are being unceremoniously ejected from their long positions.

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2025-03-03 23:40