According to reports from AMBCrypto, ONDO token surged over 12% in 24 hours as trading volume climbed by 34.67% as of writing, signaling strong spot demand returning to the market. The price reached $0.31 after holding steady gains, reflecting renewed buyer participation across exchanges. This expansion followed a prolonged period of muted activity, suggesting capital rotation back into ONDO. The rising market cap, which stood near $1.51 billion, further supported this shift in interest, with the cryptocurrency breaking out of its previous consolidation range.
As reported by AMBCrypto, ONDO broke out of its extended consolidation range between $0.22 and $0.30, establishing a higher trading base after weeks of sideways movement. Price pushed toward the $0.35 resistance, a level that previously rejected upside attempts and capped recovery rallies. The breakout followed a sequence of higher lows, showing that buyers gradually absorbed selling pressure within the range. However, price did not secure a clean reclaim above resistance, leaving the structure in a transitional phase as the rally targets the next key resistance level.
According to AMBCrypto, the Open Interest (OI) surged by 35.68% to approximately $144.74 million, reflecting a sharp increase in leveraged participation alongside the price rally. This rise indicated that traders actively opened new positions rather than simply closing existing ones, with the alignment between rising price and OI suggesting that fresh capital entered the market. Funding Rates turned positive, with OI-Weighted Funding reaching around 0.0048%, signaling that traders increasingly favored long positions, although this also raised the potential for volatility if market conditions shift.
As reported by AMBCrypto, DMI indicators showed a strengthening bullish structure, with the +DI line rising to 32.44 while the -DI declined toward 8.90, reflecting increasing buyer dominance. ADX climbed to 21.35, indicating that trend strength started building after a previously weak directional phase. The rally was supported by a strengthening bullish structure, with the breakout and rising leverage suggesting potential for continued upside, though the increased volatility potential from leveraged positions remains a key consideration for traders.
