ONDO Breaks $1.00 and Starts Wave With $2.80 in Its Sights

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com ONDO has followed an identical time structure and is now moving higher after breaking key support levels.The price pattern has held for over two hundred days and mirrors past setups that led to big moves.If momentum holds ONDO may test the top trendline near two dollars and eighty cents by mid July.ONDO is showing signs of a significant upside move after repeating a symmetrical cycle pattern and forming a new bullish structure. A technical chart shared on May 11, 2025, shows a sequence of wave formations followed by a clean breakout setup targeting $2.80. The current market price hovers around $1.10 after reclaiming a key support level at $1.00.Source: XWave Structure Reveals Clear Cyclical RepetitionThe chart indicates two major Elliott Wave cycles with clearly defined five-wave advances and corrective A-B-C patterns. Both cycles appear to follow nearly identical durations, with each completing around 213 bars or 213 days. The consistency in these cycles suggests a strong behavioral pattern among ONDO traders.The recent completion of the second A-B-C correction positions ONDO for its next impulsive wave higher. Technical indicators show price rebounding from a long-term green trendline that has acted as support since February 2024. The symmetry of the previous tops and bottoms aligns closely with current price movement, adding conviction to the bullish thesis.A speculative path plotted in white projects price reaching $2.60 to $2.80 over the next few months. This move would mirror previous wave five structures, which also peaked near the upper orange resistance trendline. RSI currently trends near 70, reflecting increasing strength without yet reaching overbought territory.Market Timing Aligns With Prior Breakout IntervalsONDO’s historical breakout intervals appear to repeat at nearly identical time frames, adding credibility to the projected path ahead. Each bottom-to-top interval in the wave cycles spans roughly 194 days. This repetitive structure suggests that price is influenced by cyclical investor behavior.Previous rallies saw ONDO prices rise from sub-$1.00 levels to nearly $2.80 in a matter of weeks. If the current pattern follows the same timeline, a similar breakout window could occur before late July 2025. Volume spikes and rising momentum from the May breakout signal early confirmation.Current market sentiment reflects cautious optimism, with several traders watching if ONDO’s current wave setup mirrors a previous larger cycle. Comments from the original chart post suggest growing interest in whether ONDO is entering a third wave of a broader degree pattern. The speculative angle gains weight as technical consistency holds.Can ONDO Sustain the Pattern and Reach $2.80?The main question now is whether ONDO can replicate the structure and reach the projected $2.80 top within the cycle window. With the pattern structure in place and RSI supporting upward strength, the foundation is forming. However, traders are watching for volume follow-through and price retention above $1.00.A strong close above $1.20 would likely validate the beginning of a new impulsive wave. If historical symmetry continues, ONDO may hit the orange trendline again around mid-summer. The combination of repeated timing, structure, and trendline targets makes this setup compelling for technical watchers.The chart scenario has caught attention across crypto platforms due to its clean visual layout and logical wave count. ONDO’s previous rallies were steep and short-lived, making timing crucial for confirmation. With price support now regained, traders are tracking each breakout candle closely.Source link