Date: Wed, Sept 03, 2025 | 08:20 AM GMT
The cryptocurrency market remains slight volatile as Bitcoin (BTC) consolidates near $111,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader choppiness, several altcoins are showing unique setups, with RWA token Ondo (ONDO) beginning to flash early signs of strength.
$ONDO is trading back in the green today with a 4% jump, and more importantly, its latest chart structure suggests that more upside could be on the horizon.
Source: Coinmarketcap
Harmonic Pattern Hints at Potential Upside
On the daily chart, ONDO is forming a Bearish Butterfly harmonic pattern. Despite its name, this setup often delivers a bullish continuation during the CD leg, especially as the price enters the Potential Reversal Zone (PRZ).
The structure began at point X ($1.1693), dropped to A, rallied to B, and then retraced lower to C near $0.8594. Since then, ONDO has started recovering, currently trading around $0.9642, though still in the early phase of confirming its bullish continuation.
Ondo (ONDO) Daily Chart/Coinsprobe (Source: Tradingview)
A critical development is that ONDO is now testing its 50-day moving average ($0.9786). A successful breakout and close above this level could flip it into strong support, reinforcing bullish sentiment.
What’s Next for ONDO?
If bulls manage to defend the 100-day MA ($0.8958) or the C-point support at $0.8594 and push the token higher, ONDO could continue toward the PRZ between $1.2577 (1.272 Fibonacci extension) and $1.3702 (1.618 extension). These levels align with the Butterfly completion zone, making them crucial to watch in the short term.
On the downside, a failure to hold $0.8594 would weaken the bullish setup and may indicate that a new C-point is forming, forcing traders to reassess the structure.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Also Read: Is Avalanche (AVAX) Poised for a Breakout? Key Pattern Formation Suggests So!
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Ondo (ONDO) To Soar Further? Key Harmonic Pattern Hints at Potential Upside Move
Date: Wed, Sept 03, 2025 | 08:20 AM GMT The cryptocurrency market remains slight volatile as Bitcoin (BTC) consolidates near $111,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader choppiness, several altcoins are showing unique setups, with RWA token Ondo (ONDO) beginning to flash early signs of strength. $ONDO is trading back in the green today with a 4% jump, and more importantly, its latest chart structure suggests that more upside could be on the horizon.
Source: Coinmarketcap Harmonic Pattern Hints at Potential Upside On the daily chart, ONDO is forming a Bearish Butterfly harmonic pattern. Despite its name, this setup often delivers a bullish continuation during the CD leg, especially as the price enters the Potential Reversal Zone (PRZ). The structure began at point X ($1.1693), dropped to A, rallied to B, and then retraced lower to C near $0.8594. Since then, ONDO has started recovering, currently trading around $0.9642, though still in the early phase of confirming its bullish continuation.
Ondo (ONDO) Daily Chart/Coinsprobe (Source: Tradingview) A critical development is that ONDO is now testing its 50-day moving average ($0.9786). A successful breakout and close above this level could flip it into strong support, reinforcing bullish sentiment. What’s Next for ONDO? If bulls manage to defend the 100-day MA ($0.8958) or the C-point support at $0.8594 and push the token higher, ONDO could continue toward the PRZ between $1.2577 (1.272 Fibonacci extension) and $1.3702 (1.618 extension). These levels align with the Butterfly completion zone, making them crucial to watch in the short term. On the downside, a failure to hold $0.8594 would weaken the bullish setup and may indicate that a new C-point is forming, forcing traders to reassess the structure. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies. Also Read: Is Avalanche (AVAX) Poised for a Breakout? Key Pattern Formation Suggests So!