Date: Tue, July 29, 2025 | 03:25 PM GMT
The cryptocurrency market is facing a mild pullback after Ethereum (ETH) tested its multi-year resistance near $3,940 before slipping back to around $3,775. This pullback has weighed on major altcoins, with Ondo (ONDO) sliding 5% today, trimming its monthly rally to 25%.
Despite this dip, ONDO’s daily chart shows signs of a bullish setup taking shape — one that mirrors a previously successful fractal pattern from late 2024.
Fractal Setup Hints at a Bullish Reversal
Looking back to late 2024, ONDO staged a strong breakout from a descending channel — a classic bullish reversal structure.
After breaking above the channel, the token consolidated just above the breakout zone and reclaimed both the 100-day and 200-day moving averages. This setup, marked by a brief correction (green circle), fueled a massive 141% rally within weeks.
Now, ONDO seems to be repeating that history. The token has broken out of another descending channel and is trading above both the 100-day and 200-day moving averages. Once again, it’s consolidating near the same type of corrective level (green circle) that served as a launchpad during the last breakout.
What’s Next for ONDO?
If ONDO can hold above its 200-day moving average at $0.98 and break higher from this consolidation, it could set the stage for another powerful upside move. Should the fractal repeat as it did in 2024, ONDO might rally toward the $2.00+ range — a potential 120% gain from current levels.
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