Date: Wed, Aug 06, 2025 | 03:40 PM GMT
The cryptocurrency market is seeing a modest recovery from its recent sharp decline, with Ethereum (ETH) bouncing to $3,630 from its low of $3,357. This rebound has spilled over to several altcoins, and Ondo (ONDO) is among those showing signs of strength.
ONDO is back in the green today, and its chart is revealing an emerging fractal pattern that closely mirrors a recent bullish setup seen in Mantle (MNT), hinting at a potential upside continuation.
ONDO Mirrors MNT’s Structure
A side-by-side look at the daily charts of MNT and ONDO highlights a clear similarity.
Recently, Mantle (MNT) broke out from a falling wedge pattern and, following a breakout and pullback, formed a bearish ABCD harmonic pattern. After bouncing from its C point, MNT reclaimed its 200-day moving average and surged nearly 40% toward point D.
ONDO now appears to be following the same blueprint. The token also broke out from a falling wedge, then formed a bearish ABCD harmonic pattern. It has just bounced from its C point and is now approaching the 200-day moving average resistance at $0.9693.
What’s Next for ONDO?
If ONDO can reclaim the 200-day moving average, it could confirm the fractal pattern and act as a launchpad toward the Potential Reversal Zone (PRZ) at $1.24 — a move that would represent more than 34% upside from current levels.
However, to keep this bullish fractal intact, ONDO must hold above its C point support at $0.8442.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.