ONDO Surges Past Key Resistance, Targets $1.40 as Market Sentiment Strengthens

ONDO has broken through the $0.87 resistance level, signaling a strong breakout from a multi-month descending triangle pattern. The price action has now turned this level into support, driving the token toward $0.94 amid increased whale activity and rising taker buy demand.

Weighted sentiment has reached 2.24—a multi-month high—highlighting growing speculative optimism. Key technical targets now include $0.965 and $1.116, with the potential for a retest of $1.40 if bullish momentum continues. The market structure remains favorable, with DAA divergence confirming network strength and trading volumes suggesting institutional participation.

While historical trends caution about volatility following sentiment extremes, current on-chain and derivatives data indicate sustained conviction. The breakout's credibility depends on maintaining weekly closes above $0.87.