Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Is Ondo (ONDO) Poised for a Bullish Breakout? Key Fractal Formation Saying Yes!

Is Ondo (ONDO) Poised for a Bullish Breakout? Key Fractal Formation Saying Yes!

CoinsProbeCoinsProbe2025/09/15 10:03
By:Nilesh Hembade

Date: Mon, Sept 15, 2025 | 05:25 AM GMT

The cryptocurrency market continues to show strength ahead of the anticipated potential US Federal Reserve rate cuts this week, with Ethereum (ETH) trading near $4,650 after an 8% weekly gain. Alongside ETH’s momentum, several major altcoins are now flashing bullish setups — including Ondo (ONDO).

ONDO has rallied 17% over the past week, but what stands out most is its technical structure. On the daily chart, ONDO is now echoing a fractal formation that recently triggered a strong upside move in Avalanche (AVAX).

Is Ondo (ONDO) Poised for a Bullish Breakout? Key Fractal Formation Saying Yes! image 0 Source: Coinmarketcap

ONDO Mirrors AVAX Breakout Setup

AVAX’s recent performance provides a valuable roadmap. Just last week, AVAX completed a double bottom formation, a classic bullish reversal pattern. After breaking out from its neckline resistance, AVAX surged higher and is now pushing toward its $40.34 target, already delivering a 9% upside since confirming the breakout.

Is Ondo (ONDO) Poised for a Bullish Breakout? Key Fractal Formation Saying Yes! image 1 AVAX and ONDO Fractal Chart/Coinsprobe (Source: Tradingview)

Now, ONDO appears to be setting up for a nearly identical move.

The token has carved out its own double bottom pattern and is currently trading near $1.07, pressing firmly against its neckline resistance zone around $1.15 (highlighted in blue). This resistance has repeatedly capped price action, making it a critical level to watch. A successful breakout here could replicate the bullish surge recently seen in AVAX.

What’s Next for ONDO?

If ONDO confirms a breakout above $1.15, it could unlock significant bullish momentum and aim for a technical target around $1.67 — representing a potential 56% upside from current levels.

On the other hand, if ONDO struggles to breach the neckline, the token may remain trapped in consolidation, delaying the bullish move.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Can the 40 billion bitcoin taken away by Qian Zhimin be returned to China?

Our core demand is very clear—to return the assets to their rightful owners, that is, to return them to the Chinese victims.

深潮2025/11/29 21:23
Can the 40 billion bitcoin taken away by Qian Zhimin be returned to China?

Bitcoin Surges but Stumbles: Will Crypto Market Recover?

In Brief Bitcoin fails to maintain its position above $93,000 and faces heavy selling pressure. Altcoins experience sharp declines, with some showing mixed performance trends. Shifts in U.S. spot Bitcoin ETF flows highlight cautious investor behavior.

Cointurk2025/11/29 21:03
Bitcoin Surges but Stumbles: Will Crypto Market Recover?