As the crypto market undergoes consolidation, ONDO token reveals an intriguing technical pattern. A bearish butterfly harmonic pattern is forming on the 4H charts, hinting at a potential bullish move ahead. Analysis of critical levels to watch for predicting the next price surge.
The 4H chart of Ondo reveals the emergence of a bearish butterfly pattern. A harmonic figure renowned for its reliability in identifying reversal zones. Currently, ONDO is trading around $0.5856, displaying early signals of recovery without confirming genuine buying strength. The crypto has reached point C of the structure and is beginning to show stabilization, a typical phase before the extension towards point D.
The critical support level at $0.56675 (zone C) serves as the central pivot of this technical scenario. As long as this level remains intact, the integrity of the harmonic pattern is preserved. A solid defense of this threshold would trigger the CD segment, targeting the PRZ located between $0.8418 (Fibonacci extension 1.272) and $0.92103 (extension 1.618). This zone historically represents the terminus of butterfly patterns before observing major resistance or a potential trend change.
Validation of this bullish scenario must necessarily pass through the reconquest of the 200-day moving average (MA200), positioned around $0.69488. This breakthrough would constitute a powerful technical signal and reinforce conviction of continued upward movement. The MA200 indicator acts as a long-term trend filter, and its breakthrough would transform the current neutral bias into clearly bullish momentum.
The first decisive level remains the support C at $0.56675. A break of this level would invalidate the harmonic pattern and expose ONDO to a deeper correction. Buyers must imperatively defend this zone, ideally with increasing buying volume, to maintain the technical structure. Such behavior would confirm the interest of institutional investors in this RWA token.
If bullish dynamics confirm, resistance at $0.69488 corresponding to the MA200 will constitute the next major obstacle. A rejection at this level could trigger sideways consolidation, while a breakthrough would open the path towards the PRZ located between $0.8418 and $0.92103, a zone where traders generally anticipate profit-taking and potential reversal.
From a fundamental perspective, Ondo Finance benefits from rapid growth in the Real World Assets sector, driven by tokenization of traditional assets. This context strengthens the project’s appeal and aligns technical and fundamental prospects. In a crypto market in consolidation, harmonic structures like ONDO’s gain relevance, and the token could benefit from renewed interest when Bitcoin and Ethereum clarify their short-term direction.
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