Date: Fri, July 11 2025 | 12:10 PM GMT
The cryptocurrency market is once again ablaze with excitement as Bitcoin (BTC) rockets to a new all-time high of $118,000. Ethereum (ETH) has followed suit with an 8% surge, reclaiming the $3,000 level and fueling a broader altcoin rally. One token that’s standing out in this bullish wave is Ondo (ONDO), which has climbed 8% in the past 24 hours.
But what’s catching more attention now is the striking fractal pattern that ONDO is forming — one that was previously seen during its late 2024 run.
A Powerful Fractal Re-Emerging?
Looking back to late 2024, ONDO made a powerful breakout from a descending channel pattern — a classic bullish reversal structure. After consolidating just above the breakout zone and reclaiming the 100-day and 200-day moving averages, the token surged over 200%, peaking near $2.14 in a matter of weeks.
Now, fast forward to July 2025. ONDO appears to be tracing out a nearly identical pattern. The price has once again broken out of a descending channel, followed by a period of consolidation just under key moving average resistance.
Notably, ONDO has already cleared the 100-day moving average and is now approaching the 200-day MA around $1.02 — the same level that acted as a springboard during the previous breakout.
What’s Next for ONDO?
If ONDO holds above the 100-day moving average and manages to reclaim the 200-day MA, it could set the stage for a strong continuation move. A confirmed breakout above this level would strengthen bullish conviction and potentially trigger a wave of buying pressure.
If the fractal repeats as it did in 2024, ONDO could rally back toward the $2+ range — implying a potential 135%+ upside from current levels.
Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.