Ondo Drops 3% Amid Geopolitical Tensions, Potential 261% Rally Ahead

On June 20, 2025, the cryptocurrency market experienced a significant pullback due to escalating geopolitical tensions between Israel and Iran. Ethereum (ETH), a leading cryptocurrency, saw a decline of over 3%, dropping from a 24-hour high of $2,567 to approximately $2,425. This downturn affected various altcoins, including Ondo (ONDO), which also saw a 3% decrease, bringing its monthly losses to over 22%.

Despite the bearish price action, a closer examination of ONDO's daily chart reveals a potentially bullish setup that mirrors a previously successful fractal pattern. In late 2024, ONDO consolidated within a descending wedge, repeatedly testing a key demand zone around $0.40–$0.45. After compression below key moving averages (20, 100, and 200 SMA), the token broke out, rallying 261% to peak at around $1.55.

In June 2025, ONDO is exhibiting similar behavior, including the same descending trendline, compression under 20/100/200 SMAs, and a horizontal support zone. The current setup appears almost identical to the November 2024 breakout, including a candle formation signaling demand absorption at the 200 SMA. If history repeats, ONDO could be gearing up for a massive rally toward $2.70, a potential 261% gain from current levels.

ONDO’s key psychological support lies in the $0.68–$0.76 range. Holding this zone is critical for maintaining the bullish structure. A move above the 20 and 100-day SMAs would be the first confirmation of strength. The next level to watch is the 200 SMA near $1.12— flipping that into support could ignite a breakout above the descending resistance.

A successful breakout could propel ONDO to the $1.20–$1.40 zone in the coming weeks, with a longer-term target of $2.50–$2.70 if momentum mirrors the previous fractal. While ONDO’s recent price drop may appear discouraging, the broader technical picture tells a different story. A nearly perfect fractal pattern—including confluence with moving averages, historical support, and compression—suggests that this could be a prime accumulation phase.

If the fractal continues to play out, ONDO could be setting the stage for another powerful rally. However, with macro uncertainty high, especially amid ongoing geopolitical tensions, traders should remain patient and await clear confirmation before diving in. This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.