ONDO Reclaims 200 MA Amid Bullish Fractal Setup Suggesting Potential 140% Rally

Ondo (ONDO) has recently displayed a bullish fractal correction pattern, drawing attention from traders and analysts on platforms such as TradingView. This fractal formation has emerged following a week-long decline, with the token losing 16% amid broader market weakness led by Ethereum (ETH), which fell nearly 7% from the $3,940 resistance level to $3,440 [1]. The pullback has created a chart setup that closely mirrors a similar pattern observed in late 2024, when ONDO broke out of a descending channel and reclaimed its 200-day moving average (200 MA), preceding a 141% rally [1].

The current fractal pattern suggests that ONDO may be at a potential turning point. Like its previous breakout, the token has once again reclaimed the 200 MA before entering a short consolidation phase. This corrective movement, occurring just above the key 200 MA level at $0.9742, is seen by technical analysts as a potential precursor to a bullish continuation. If buyers manage to push the price back above this level and sustain momentum, it could signal the start of a new upward move [1].

Analysts on TradingView are closely watching the unfolding of this pattern, noting its similarity to the 2024 breakout. The fractal setup is considered a classic technical signal used to identify potential reversals, and its current formation is being viewed as a potential opportunity for traders looking to capitalize on a short-term rebound. However, traders are advised to exercise caution, as the market remains volatile and no pattern guarantees future price action [1].

If the fractal plays out as expected, ONDO could see a move toward its all-time high of $2.14, representing a potential gain of over 140% from current levels. This scenario is based on historical price behavior and is not a forecast, but rather a projection of how the market might react to a confirmed breakout. Investors are encouraged to use additional tools and conduct further research before making any investment decisions [1].

The growing interest in ONDO’s technical setup reflects the broader trend of traders relying on chart patterns and fractals to navigate short-term market movements. While no major fundamental developments have been reported, the fractal remains a key focus for market participants monitoring the token’s near-term trajectory [1].

Source: [1] MasterAnanda — Trading Ideas and Scripts (https://www.tradingview.com/u/MasterAnanda/)