Date: Mon, June 09, 2025 | 01:10 PM GMT
The cryptocurrency market has kicked off the new week with an impressive upside move, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. Both assets have climbed over 1.5% — BTC is trading above $107K, while ETH is now at $2,545. The renewed momentum is sparking fresh interest across the altcoin space, including Ondo (ONDO).
The RWA token has bounced back into the green today, and a well-known harmonic pattern forming on its chart suggests that further upside could be on the horizon.
Technical Patterns Hint at Upside Momentum
A closer look at ONDO’s 4-hour chart reveals the formation of a Bearish Shark harmonic pattern, a well-known structure in technical analysis. While the pattern typically signals a potential reversal upon completion, it often allows for a short-term bullish continuation until the “C” point is reached.
Currently, ONDO is trading near $0.84, and the pattern suggests that price action is heading toward the $0.97–$0.995 zone — the potential reversal zone (PRZ) where the pattern completes. This area aligns with the 1.13 Fibonacci extension, commonly used to predict the end of the Shark pattern’s final leg.
If this harmonic setup plays out as expected, ONDO could rise another 14%–17% from current levels before facing major resistance.
What’s Next for ONDO?
The $0.97–$0.995 region will be key to watch. If ONDO reaches that level, traders should monitor for signs of exhaustion or reversal — which would be in line with the Bearish Shark pattern’s playbook. However, a strong breakout above this zone could invalidate the bearish setup and open doors toward fresh highs.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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