Ondo

Date: Tue, March 25, 2025 | 01:05 PM GMTThe cryptocurrency market is showing strong signs of a rebound as Bitcoin (BTC) and Ethereum (ETH) have both surged by 6% and 9% over the past seven days. This has provided much-needed relief to <a href="https://coinsprobe.com/cronos-cro-surges-after-truth-social-partnership-historical-pattern-hints-at-a-massive-rally/" rel="noopener noreferrer nofollow">altcoins </a>that suffered sharp corrections following the late 2024 rallies.As sentiment gradually improves, the Real World Asset (RWA)-focused token Ondo (ONDO) has gained traction, posting an impressive 11% increase in the past week. After enduring a significant decline over the past three months, ONDO is now showing signs of a potential breakout, with its price action mirroring a past bullish rally that led to an explosive surge.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3957282fa3214b058e718eb6e7484e44.png" />Source: Coinmarketcap<h3 id="ondo-mirrors-past-bullish-breakout">ONDO Mirrors Past Bullish Breakout</h3>Since reaching its peak at $2.14 in December 2024, ONDO has been in a steady decline, forming a descending channel pattern that extended into early 2025. The price dropped sharply from its highs, eventually hitting a low of $0.73 in early March. However, after this ONDO has started to show early signs of recovery, bouncing from its recent low and currently trading around $0.92.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0447765488044c4c8c70bb75c8dd68ac.png" />ONDO Weekly Chart/Coinsprobe (Source: Tradingview)The chart suggests that ONDO is now on the brink of a potential breakout. A similar falling channel was observed last year, which eventually led to a strong rally of over 234%. The structure of the current price action mirrors this past pattern, indicating that history might be repeating itself. If the breakout is confirmed, ONDO could be in for a significant upside move.One key technical factor supporting a potential reversal is the 25-day moving average (MA), which currently sits at $1.1468. In ONDO’s previous breakout, a move above this level acted as confirmation of a trend shift, leading to a massive upside. If history repeats itself and ONDO manages to break and hold above this MA, it could confirm a full-fledged recovery.The next key resistance levels to watch are $1.64 and its all time high of $2.14. These price levels previously acted as strong rejection points, and a sustained move above them could pave the way for an extended bullish rally.<h3 id="final-thoughts">Final Thoughts</h3>With ONDO mirroring its past breakout structure, the token is at a critical juncture. A move above the descending channel and 25-day MA could confirm a trend reversal, setting the stage for a strong recovery. Additionally, the MACD indicator is showing signs of a potential bullish crossover, which could further support upside momentum. If buying pressure increases, ONDO could soon target $1.64 and $2.14, marking a significant upside from current levels.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/is-fet-poised-for-a-rebound-analyst-spots-key-harmonic-pattern-signaling-an-upside-move/" rel="noopener noreferrer nofollow">Is $FET Poised for a Rebound? Analyst Spots Key Harmonic Pattern Signaling an Upside Move.</a>

ONDO's Price Action Mirrors Past Bullish Breakout — A Major Move Incoming?

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