Date: Tue, May 27, 2025 | 03:00 PM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 40% in Q2, ETH is now trading at $2,700, having recently touched a high not seen since February. The renewed momentum is sparking interest across the altcoin space.
The RWA token Ondo (ONDO) have made gains of 15% over the last 60 days and now a well-known harmonic pattern forming on its chart suggests that further upside may be on the horizon.
Harmonic Pattern Signals More Upside
On the 4-hour chart, ONDO is forming a Bearish Butterfly harmonic pattern — a structure that often leads to upside continuation until a key reversal point is hit. The current pattern still has room to play out, with bulls potentially targeting higher levels before any major pullback.
The pattern began after ONDO was rejected around $1.10 on May 11 (X point). From there, the token slid nearly 20%, bottoming near $0.88 on May 19 (A point). This leg formed the XA structure of the pattern.
The subsequent AB leg retraced about 74.6% of the XA drop, which fits well within the ideal harmonic zone. ONDO then retraced again in the BC leg — this time around 87.3% of the AB move — stabilizing near the $0.90 range, which marked point C.
From this C point, ONDO has started its final CD leg upward — the move that typically attracts breakout traders. The key target here is $1.167, which aligns with the 1.272 Fibonacci extension of the XA leg — a classic D point for a Bearish Butterfly.
What’s Next for ONDO?
If momentum continues, ONDO could rise toward $1.16, marking a potential 20% upside from the current price near $0.96. Should the bullish momentum spill over, the next possible extension lies at the 1.618 Fibonacci level, around $1.24, but this would likely require stronger market support or a breakout above the D zone.
However, it’s important to remember that the D point often acts as a reversal area in harmonic trading. So while price may continue to climb into that zone, traders should be cautious as selling pressure may emerge quickly.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
