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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Ondo (ONDO) To Rise Higher? This Emerging Fractal Setup Saying Yes!
Date: Wed, Aug 06, 2025 | 03:40 PM GMT The cryptocurrency market is seeing a modest recovery from its recent sharp decline, with Ethereum (ETH) bouncing to $3,630 from its low of $3,357. This rebound has spilled over to several altcoins, and Ondo (ONDO) is among those showing signs of strength. $ONDO is back in the green today, and its chart is revealing an emerging fractal pattern that closely mirrors a recent bullish setup seen in Mantle (MNT), hinting at a potential upside continuation.
Source: Coinmarketcap ONDO Mirrors MNT’s Structure A side-by-side look at the daily charts of MNT and ONDO highlights a clear similarity. Recently, Mantle (MNT) broke out from a falling wedge pattern and, following a breakout and pullback, formed a bearish ABCD harmonic pattern. After bouncing from its C point, MNT reclaimed its 200-day moving average and surged nearly 40% toward point D.
MNT and ONDO Fractal Chart/Coinsprobe (Source: Tradingview) ONDO now appears to be following the same blueprint. The token also broke out from a falling wedge, then formed a bearish ABCD harmonic pattern. It has just bounced from its C point and is now approaching the 200-day moving average resistance at $0.9693. What’s Next for ONDO? If ONDO can reclaim the 200-day moving average, it could confirm the fractal pattern and act as a launchpad toward the Potential Reversal Zone (PRZ) at $1.24 — a move that would represent more than 34% upside from current levels. However, to keep this bullish fractal intact, ONDO must hold above its C point support at $0.8442. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.