ONDO price has spent most of this year moving inside a steady downtrend channel. At the moment, it trades around $0.91, well below its yearly high of $2.14.

According to crypto analyst Crypto B on X, ONDO is now sitting at a make-or-break point on the daily chart. After months of sideways movement, the price has coiled tightly inside a large symmetrical triangle, hinting that a major breakout could be near.

A symmetrical triangle is a neutral technical pattern. It forms when buyers and sellers take turns but neither side wins for a while. That creates a narrowing range. Breakouts from this shape can be powerful because so much energy builds up inside the pattern.

Crypto B treats the triangle as a launchpad. His next target is near $2.16, which is a measured move off the triangle’s height. Reaching that target would mean roughly +136% from current levels. That is the bullish scenario that grabs most attention.

However, a failed breakout or a decisive close under the lower trendline would change the story fast. That outcome would bring lower price areas back into view and erase the bullish edge from the triangle setup.

The chart from Crypto B shows a clear descending upper trendline that meets an ascending lower trendline. Price sits close to the triangle apex. A breakout soon would follow this pattern’s logic.

Several horizontal levels are drawn on the chart as potential hurdles. A 0.236 Fibonacci level sits around $0.98. A 0.382 level is near $1.205. A 0.5 level is around $1.387. A 0.618 level is near $1.570. Those levels act as logical pause points on any upward run. The final target that Crypto B points to sits near $2.16 which aligns with a measured move to the previous high zone.

Crypto B also marks a conviction zone close to the current structure. That area serves as a reference for buyers who want confirmation before committing. When price respects that zone and then holds the upper trendline, the setup gains credibility.

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The momentum indicator on the chart shows Relative Strength Index values near 45. That reading sits below overbought and above deeply oversold. Neutral momentum means there is room for price to move up without hitting immediate exhaustion. Volume behavior would be the tie breaker. A breakout with clear volume pickup adds conviction. A breakout on low volume often fails.

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The post Here’s How ONDO Price Could See Its Next 2x Rally appeared first on CaptainAltcoin.

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