Date: Mon, Sept 15, 2025 | 05:25 AM GMT
The cryptocurrency market continues to show strength ahead of the anticipated potential US Federal Reserve rate cuts this week, with Ethereum (ETH) trading near $4,650 after an 8% weekly gain. Alongside ETH’s momentum, several major altcoins are now flashing bullish setups — including Ondo (ONDO).
ONDO has rallied 17% over the past week, but what stands out most is its technical structure. On the daily chart, ONDO is now echoing a fractal formation that recently triggered a strong upside move in Avalanche (AVAX).
ONDO Mirrors AVAX Breakout Setup
AVAX’s recent performance provides a valuable roadmap. Just last week, AVAX completed a double bottom formation, a classic bullish reversal pattern. After breaking out from its neckline resistance, AVAX surged higher and is now pushing toward its $40.34 target, already delivering a 9% upside since confirming the breakout.
Now, ONDO appears to be setting up for a nearly identical move.
The token has carved out its own double bottom pattern and is currently trading near $1.07, pressing firmly against its neckline resistance zone around $1.15 (highlighted in blue). This resistance has repeatedly capped price action, making it a critical level to watch. A successful breakout here could replicate the bullish surge recently seen in AVAX.
What’s Next for ONDO?
If ONDO confirms a breakout above $1.15, it could unlock significant bullish momentum and aim for a technical target around $1.67 — representing a potential 56% upside from current levels.
On the other hand, if ONDO struggles to breach the neckline, the token may remain trapped in consolidation, delaying the bullish move.
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