Date: Sat, Sept 27, 2025 | 03:50 PM GMT
The cryptocurrency market is showing signs of stabilizing after a week of steep declines. Ethereum (ETH), which had tumbled by over 10% in the last 7 days, marking a low of $3,829, has rebounded to the $4,000 level. This relief rally is also lifting sentiment across altcoins , including RWA token Ondo (ONDO).
Over the past week, ONDO has dropped more than 13%. But what’s catching attention is not just the decline itself — it’s that the coin is now testing a crucial technical support inside a well-defined chart pattern.
Source: Coinmarketcap
Horizontal Parallel Channel in Play?
On the daily chart, ONDO has been consolidating inside a horizontal parallel channel — a neutral structure that often builds up pressure before a decisive breakout.
The recent correction, which began after rejection from the $1.13 resistance on Sept 12, has dragged ONDO toward the channel’s lower boundary near $0.8232. At this zone, buyers appear to be stepping in to defend support. Currently, the token is trading around $0.8832, holding just above this pivotal level.
Ondo (ONDO) Daily Chart/Coinsprobe (Source: Tradingview)
This boundary has acted as strong support for several months, making it a make-or-break zone for bulls who want to preserve the broader bullish structure.
What’s Next for ONDO?
If buyers successfully defend the $0.85 support range and push price back above the 100-day moving average (MA) at $0.9243, momentum could quickly swing in their favor. From there, ONDO could retest the channel’s upper resistance at $1.13, and a breakout above that level would confirm bullish continuation — potentially opening the door for a much larger rally.
On the flip side, if ONDO slips decisively below $0.85, it would confirm a Power of 3 pattern, which signals a distribution phase. In that case, the token could be vulnerable to deeper losses toward the $0.76 zone, aligning with the manipulation stage of the setup.
For now, ONDO sits at a critical crossroads — with bulls tasked to defend key support, and bears watching closely for signs of weakness that could tip the balance.
