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.
