ONDO is showing some interesting action.
The 15m candle closed up 0.57%. It doesn’t look like much, but the order-book details are pretty interesting—the aggressive trade imbalance is 42.7%, and the buy/sell ratio is 2.49, with buyers clearly lifting offers. OI is rising in tandem too: +0.28% over 15m, with the move continuing over 1h. Its notional change ranks 6th across the whole market, so this doesn’t look like a simple burst of sentiment.
Price has just broken above the highs of the last 20 5m candles. A breakout at this level accompanied by both volume and rising OI isn’t just a random poke. The anomaly percentile is 84.3%, with the move persisting across multiple timeframes, and the funding rate has also climbed into a recent high percentile—bullish sentiment is starting to build.
Of course, when funding gets this high, you need to watch for overcrowding. If you’re chasing here, keep an eye on OI to make sure it doesn’t spike further, and on price to see whether it keeps testing the highs without holding above them. Add $ONDO near the top of your watchlist for now.
The 15m candle closed up 0.57%. It doesn’t look like much, but the order-book details are pretty interesting—the aggressive trade imbalance is 42.7%, and the buy/sell ratio is 2.49, with buyers clearly lifting offers. OI is rising in tandem too: +0.28% over 15m, with the move continuing over 1h. Its notional change ranks 6th across the whole market, so this doesn’t look like a simple burst of sentiment.
Price has just broken above the highs of the last 20 5m candles. A breakout at this level accompanied by both volume and rising OI isn’t just a random poke. The anomaly percentile is 84.3%, with the move persisting across multiple timeframes, and the funding rate has also climbed into a recent high percentile—bullish sentiment is starting to build.
Of course, when funding gets this high, you need to watch for overcrowding. If you’re chasing here, keep an eye on OI to make sure it doesn’t spike further, and on price to see whether it keeps testing the highs without holding above them. Add $ONDO near the top of your watchlist for now.