Ondo (ONDO) To Move Higher? This Key Pattern Formation Hints at Potential Upside Move

Key Takeaways

• ONDO is forming a Bearish Gartley harmonic pattern on the daily chart, signaling potential upside toward the $0.320–$0.352 PRZ zone.

• The token is rebounding from key support at $0.242 (Point C), a critical level for maintaining the bullish structure.

• A reclaim of the 50-day moving average near $0.3137 could confirm momentum shift and strengthen the breakout scenario.

The broader cryptocurrency market is staging a strong rebound, with Bitcoin up roughly 5% and Ethereum surging nearly 9% in the past 24 hours. This wave of momentum is lifting several altcoins, including RWA-focused token Ondo, which has gained around 7%.

Beyond the daily bounce, ONDO’s chart is now flashing a well-defined harmonic structure — a setup that often signals a continuation move toward a defined completion zone before any major reversal unfolds. In the current case, the structure suggests there could still be room for upside in the short term.

Source: Coinmarketcap

Bearish Gartley Pattern in Play

On the daily timeframe, ONDO appears to be forming a Bearish Gartley harmonic pattern. While the name may sound bearish, this structure typically allows price to rally toward its completion point, known as Point D, before a potential rejection occurs.

The pattern began at Point X near the $0.352 level, followed by a sharp drop into Point A. From there, ONDO rebounded toward Point B before undergoing a deeper corrective move into Point C around the $0.242 zone. That region acted as a key demand area, where buyers stepped in and stabilized the decline.

_Ondo (ONDO) Daily Chart/Coinsprobe (Source: Tradingview) _

Since printing the Point C low, ONDO has been gradually recovering and is currently trading near $0.268. This rebound indicates that selling pressure is easing while short-term momentum begins shifting back toward the bulls.

Adding further technical weight to the setup, the 50-day moving average sits around $0.3137. Price remains below this level for now, making it an important resistance barrier. A decisive reclaim and sustained hold above the 50-day moving average would strengthen the bullish case and confirm improving momentum.

What’s Next for ONDO?

If buyers continue defending the $0.242 support zone and manage to flip the 50-day moving average into support, the Bearish Gartley pattern projects a move toward the Potential Reversal Zone.

Based on Fibonacci projections, the PRZ lies between $0.3206, which aligns with the 0.786 extension, and $0.3521, corresponding to the 1.0 extension of the structure. From current levels, that represents roughly 18% to 30% potential upside before the pattern reaches full completion.

However, the bullish scenario depends heavily on maintaining the Point C support at $0.242. A breakdown below that level would weaken the harmonic structure and could invalidate the projected move toward the completion zone.

For now, ONDO remains technically constructive. With broader market sentiment improving and buyers defending key support, the harmonic setup suggests that the next meaningful move could favor the upside — provided critical levels continue to hold.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.