$ONG worth $6.87K at $1.83306 has occurred. Here's a breakdown:

What Happened:

$6.87K Short Liquidation: Traders betting ONDO's price would drop were forced to close their positions as the price rose to $1.83306.

This is triggered when the market moves against shorts, causing forced buybacks to cover losses.

Impact on Price: The forced buying can create upward pressure, potentially driving the price higher in the short term.

What’s Next?

1. Price Surge Potential: ONDO might see continued gains if more short positions are liquidated or buying interest increases.

2. Key Resistance Levels: Watch for resistance around $1.85, where the upward trend might face selling pressure.

3. Market Analysis: Monitor news and market trends for ONDO to see if the momentum sustains or stabilizes.

Key Takeaway:

If you’re trading ONDO, capitalize on the bullish trend carefully,

but stay alert for resistance and possible corrections. Use stop-loss orders to manage risk effectively.

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