Ondo Faces 3% Drop Amid Geopolitical Tensions But Hints at 261% Rally Potential

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Market Overview: Geopolitical Turmoil Impacts Crypto

On June 20, 2025, escalating tensions between Israel and Iran triggered a market-wide cryptocurrency pullback. Ethereum (ETH) fell over 3%, sliding from $2,567 to $2,425, dragging altcoins like Ondo (ONDO) down 3%—extending its monthly losses to 22%.

Technical Analysis: A Bullish Fractal Emerges

Historical Precedent: The 261% Rally of Late 2024

June 2025 Setup: Mirroring the Past

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Key Levels to Watch

  1. Critical Support: $0.68–$0.76 must hold to maintain bullish structure.
  2. Resistance Breakpoints:

    • First Confirmation: Clearing 20 and 100-day SMAs.
    • 200 SMA Flip: A close above $1.12** could accelerate momentum toward **$1.20–$1.40.
  3. Long-Term Target: $2.50–$2.70 (261% gain) if the fractal fully replicates.

Strategic Insights

FAQs

Q: What’s driving ONDO’s recent price drop?
A: Broader market sell-offs due to Middle East tensions, compounded by ONDO’s monthly downtrend.

Q: How reliable is this fractal pattern?
A: Historical accuracy (late 2024 rally) lends credibility, but external factors require vigilance.

Q: What’s the safest entry point?
A: A confirmed close above the 200 SMA ($1.12) reduces false breakout risks.

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Conclusion

While short-term turbulence persists, ONDO’s technicals hint at a potential 261% surge if key levels break. Traders should monitor SMA converges and geopolitical developments closely.

Disclaimer: This analysis is informational only. Conduct independent research before investing.


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