- EOS has surged 37% over the past week after breaking out from a falling wedge pattern, narrowing its 90-day correction to just 5%.
- EOS broke above its resistance trendline at $0.51 on March 18 and has reached the $0.80 resistance zone, with potential for further gains to $1.03 if it breaks higher.
- ONDO is forming a similar falling wedge pattern and has recovered to $0.80 after a 67% correction from its all-time high of $2.17.
- ONDO's inclusion in Binance's Vote to List campaign is providing additional bullish momentum, with potential upside targets of $0.95 and $1.23 representing up to 51% gains.
Date: Thu, April 03, 2025 | 09:42 AM GMT
The cryptocurrency market is navigating through a volatile period, largely influenced by macroeconomic concerns and the recent reciprocal tariffs impacting 185 countries.
Despite the uncertainty, some altcoins are displaying remarkable resilience. EOS (EOS) has surged an impressive 37% over the past week, significantly narrowing its 90-day correction to just 5%. Meanwhile, Ondo (ONDO) is also gaining traction, largely fueled by its inclusion in Binance’s Vote to List campaign.
The current price action suggests that ONDO could be setting up for an upside move similar to EOS after enduring a steep 44% decline in the last 90 days.
EOS (EOS) – Breaking Free from the Downtrend
EOS has gained significant bullish momentum after confirming a breakout from its falling wedge pattern. The breakout occurred on March 18, when EOS managed to surpass its resistance trendline at $0.51. This technical move sparked a strong recovery, with EOS rallying over 50% as it reclaimed key resistance levels, including the 50-day and 100-day moving averages.
The price has now reached the $0.80 resistance zone, a level that will play a crucial role in determining the next move. If EOS manages to break above the resistance zone, it could open the door for a stronger rally toward the $1.03 price level. This would represent an additional 31% upside from current levels.
Ondo (ONDO) – Setting Up for a Breakout?
ONDO’s price action is closely mirroring that of EOS, forming a falling wedge pattern following its rejection from the all-time high of $2.17 on December 16. This sharp downturn led to a 67% correction, bringing the price down to $0.73 on March 11, where buyers stepped in to provide much-needed support.
Now, ONDO has recovered to $0.80 and is approaching a critical resistance level at the upper boundary of the wedge. If it manages to break out convincingly, a surge toward $0.95 could be the next move, with further upside potential toward $1.23. This would mark an impressive 51% gain from the current price.
What’s Next?
With EOS already making its breakout move and ONDO showing similar technical signs, the coming days could be crucial for both tokens. EOS needs to hold above the $0.81-$0.82 resistance zone to sustain its bullish momentum, while ONDO traders will be watching closely to see if the token can break through its key resistance.
For ONDO, the Binance Vote to List campaign adds another layer of potential upside, as the possibility of a Binance listing often leads to increased buying pressure. If ONDO secures a listing, it could act as a catalyst for a strong rally.
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