ONDO Forms Bullish Fractal, Analysts Forecast Rally Toward $3

1 day ago 2

TLDR:

ONDO price holds near ascending channel support, signaling bullish continuation.
Analysts spot a fractal pattern mirroring a past breakout from similar levels.
The current pullback is seen as a healthy correction before the next upward price move.
Price could climb toward $3 if momentum confirms a breakout from the current range.

The ONDO price has lately retraced to a key support zone within an ascending channel.

Recent observations point to a bullish fractal forming, mirroring a previous pattern that led to a major breakout. This setup, paired with a healthy pullback, has prompted renewed calls to “buy the dip.”

While the token dipped over the past 24 hours, analysts believe ONDO may be gearing up for its next upward leg. Optimism remains high as both technical patterns and previous behavior suggest further gains may follow.

ONDO’s Ascending Channel Offers Strong Structural Support

Recent chart analysis shows ONDO trading inside a well-defined ascending channel. The price has repeatedly bounced between the channel’s lower support and upper resistance lines. This upward-sloping structure has helped maintain a bullish bias in recent weeks.

Market watcher Alex Clay pointed out that ONDO is currently sitting near the lower boundary of this channel.

According to him, this positioning marks a potential accumulation zone. He described the setup as being consistent with a bullish fractal that previously led to a sustained rally.

#ONDO Buy The Dip🔥

1 – We are accumulating at the bottom of Massive Ascending Channel
2 – $ONDO is following the Bullish Fractal from previous year

[1 Downtrend – 2 Swing Low – 3 Higher Low – 4 Rally]

These 2 reasons are more than enough to pump straight up to the… pic.twitter.com/avQXBJeki5

— Alex Clay (@cryptclay) June 11, 2025

The fractal described outlines four key stages: a downtrend, a swing low, a higher low, and a rally. ONDO has followed this same pattern before during earlier price expansions. The current chart aligns with these phases, showing signs that history could be repeating.

Analysts believe this structure reinforces the idea of a bullish continuation. The higher low, in particular, points to buyers stepping in earlier than before, showing growing market confidence. This pattern often leads to a breakout toward the upper boundary of the channel.

ONDO Pullback Viewed as a Healthy Setup for Buyers

Following a sharp rise, ONDO saw a moderate pullback to around $0.84. CryptoED noted that this correction appears “healthy,” especially when compared to similar setups in the past. He recalled a nearly identical structure forming before ONDO’s previous rise to $2.

Picking up more $ONDO around $0.84 — this pullback looks healthy after that big move up.

Feels like $ONDO is having the same setup we saw before the run to $2.

Next leg up loading… Target: $3. pic.twitter.com/ZPAhOssveW

— CryptoED (@Crypto_ED7) June 12, 2025

At press time, ONDO trades at $0.845, according to CoinGecko. Over the past 24 hours, the token declined by 5.31 percent but remains up 2.53 percent over the last week. It has been moving within a range of $0.7704 to $0.9161.

With support from both the ascending channel and the bullish fractal, analysts suggest the ONDO price could target higher levels soon. Alex Clay expects a move toward the top of the channel. Meanwhile, CryptoED sees a potential rise toward the $3 mark if momentum builds.

Historical patterns and structural support continue to shape the ONDO price outlook. Traders should remain alert for confirmation of the next breakout move.