Hold onto Your Hats! ONDO Might Skyrocket 16%-And It’s Not Just Hot Air

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Key Takeaways

Well now, would you look at that! A whopping 72% of ONDO traders on Binance are holdin’ tight to their long positions, as this spry little altcoin outshines the big folk-Bitcoin and Ethereum-in a 24-hour sprint. 🚀

Ondo Finance [ONDO], after loafing about like an old riverboat stuck in the mud, has finally decided to pull up anchor, climbing a respectable 6% in the last 24 hours.

Mind you, this little dance happens while the big shots-Bitcoin [BTC] and Ethereum [ETH]-are flounderin’ about like cats in a rainstorm.

Ondo Finance’s latest update

This sudden spring in its step ain’t without reason. Ondo Finance is fixin’ to roll out over 100 tokenized stocks and Exchange-Traded Funds come September 3rd. Sounds fancy, don’t it?

Just as I’m tellin’ you, ONDO’s price clocked in at $0.965 – that’s a nifty 6% jump in a day’s time. Investors are shufflin’ their chips faster than a cardsharper at a riverboat poker game, boosting trading volume by 45%.

That swell in trade alongside the price surge is as clear a sign of momentum as a Mississippi steamboat’s whistle cutting through the mist.

Meanwhile, ONDO’s bullish wiggle has busted several breakouts on the four-hour chart, so hold on tight – the next leg up might be a doozy.

ONDO: Breaking down key levels

Over at AMBCrypto, the tech wizards are croonin’ a bullish tune, sayin’ ONDO’s about to make a *massive* upside rally. “Just you wait,” they say.

On the four-hour chart, the asset shoved its way out of a bearish falling wedge like a stubborn mule, and cleared the $0.95 hurdle like it was hopscotching on a Sunday picnic.

The Exponential Moving Average-a fancy contraption folks use to sound smart-threw its weight behind ONDO’s uphill climb. The 9EMA just crossed above the 15EMA, which means what exactly? Well, that’s trader-speak for “Yeehaw, we’re bullish!” 🤠

If ONDO can keep standing tall above that $0.95 line, then we’re lookin’ at a potential 16% rally, aiming to knock on the $1.10 door. But if it tumbles below $0.95, well, that optimism goes out the window faster than a frog in a skillet.

ONDO traders’ bullish bet intensifies

From what I’m seein’, traders are watchin’ this spectacle closer than a cat eyein’ a canary. Long positions are outnumberin’ short ones like corn in a cornfield. 🌽

CoinGlass-no, not a fancy new type of eyewear, but an on-chain analytics tool-reports that ONDO’s Long/Short Ratio on Binance has marched up to 2.60. That’s a mighty strong show of bullish gumption among the traders.

And here’s the kicker: 72.26% of traders are firmly sitting on the long side, while a mere 27.74% are short. So, if you’re thinkin’ about bettin’ against the herd, make sure you pack a lunch and a strong heart.

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2025-09-03 19:22