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Ondo (ONDO) Holds Key Support — Could This Pattern Trigger an Upside Breakout?

Ondo (ONDO) Holds Key Support — Could This Pattern Trigger an Upside Breakout?

CoinsProbeCoinsProbe2025/10/24 10:18
By:Nilesh Hembade

Date: Fri, Oct 24, 2025 | 04:45 AM GMT

The broader cryptocurrency market is showing an encouraging tone today, with Bitcoin (BTC) and Ethereum (ETH) both trading over 2% higher, setting the stage for potential upside in several altcoins — including the RWA-focused token Ondo (ONDO).

ONDO is back in green with modest intraday gains, and the latest chart setup suggests that the token may be gearing up for a larger upside move if key technical levels hold.

Ondo (ONDO) Holds Key Support — Could This Pattern Trigger an Upside Breakout? image 0 Source: Coinmarketcap

Holds Symmetrical Triangle Support

On the 4-hour chart, ONDO continues to consolidate within a symmetrical triangle, a neutral but often powerful pattern that typically signals a volatility expansion phase ahead — either to the upside or downside.

Following an 11% correction from its recent rejection at the triangle’s descending resistance, ONDO retested its ascending support trendline near $0.69, where buyers once again defended the level. From there, the token rebounded to $0.73, reflecting short-term strength.

Ondo (ONDO) Holds Key Support — Could This Pattern Trigger an Upside Breakout? image 1 Ondo (ONDO) 4H Chart/Coinsprobe (Source: Tradingview)

This ascending support trendline has repeatedly acted as a dynamic demand zone, cushioning each pullback since 10 October crash. Maintaining this structure could provide the foundation for a bullish continuation, especially as momentum indicators begin to stabilize.

What’s Next for ONDO?

If buyers can successfully defend the $0.69–$0.70 region, ONDO may attempt another rebound toward the upper boundary of the triangle near $0.7480. A decisive breakout and close above this resistance could trigger a bullish continuation phase, with the next potential upside target sitting around $0.92 — aligning with previous swing highs and the measured move of the triangle pattern.

However, failure to sustain above the support trendline could invite renewed selling pressure, potentially forcing a retest of the lower triangle boundary before any renewed breakout attempt.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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