The prices of various cryptos have taken a bad hit in recent weeks and things could even get better soon. Market pressure pushed many assets far below their previous highs. ONDO price now sits in a zone that long cycle watchers often monitor during deep corrections.

Crypto Patel believes this moment may define the next major move for Ondo Finance. His latest technical view focuses on structure, demand zones, and the broader recovery pattern forming on higher time frames.

The attached chart shows ONDO moving through a long downward channel that followed its peak near $2.15. Price action gradually weakened over several months before reaching a green accumulation region between about $0.19 and $0.24. This zone aligns with a major Fibonacci retracement and a historical order block where buyers previously stepped in.

Crypto Patel notes that the structure remains valid as long as ONDO stays above roughly $0.170. That level represents the final technical support on the higher time frame. A breakdown below it would weaken the broader thesis. Stability above it keeps the recovery scenario active.

Candlestick behavior near the bottom also shows slowing downside momentum. Sellers pushed price lower, yet follow through remained limited near the demand band. That pattern often appears during accumulation phases where stronger hands begin positioning early.

Recovery alone does not confirm a new bullish phase. Crypto Patel explains that ONDO must reclaim the structure flip zone near $0.47 to signal real strength. Price movement above that region would break the sequence of lower highs that defined the decline.

The projected path on the chart outlines a gradual climb after confirmation. Initial resistance appears near $1.00, followed by the previous peak around $2.15. A full expansion toward the $5 region sits much higher on the long term trajectory shown in the green vertical range.

Read Also: Here’s the SEI Price If Ondo and BlackRock Capital Flood Sei Network

Each step depends on sustained demand and broader market stability. Technical structure provides the framework, yet continuation requires consistent participation from buyers across multiple time frames.

Crypto Patel also points to positioning from major capital as an additional data point around Ondo Finance. Public disclosures show exposure to ONDO at levels far above the current price zone. Current valuation near $0.20 places the asset significantly below those historical entries.

That gap alone does not guarantee upside. Deep discounts sometimes persist. Technical confluence combined with narrative strength creates the setup that analysts continue to watch. Ondo Finance operates within the real world asset sector, which many cycle observers monitor closely during recovery phases.

The chart structure, Fibonacci demand alignment, and higher time frame support all converge inside the same region. Such clustering often attracts attention from traders who specialize in early cycle positioning.

Read Also: Here’s Why Pippin (PIPPIN) Price Pumped 115%

The visual roadmap on the chart shows a slow base formation before any strong expansion attempt. Price would need to reclaim resistance, hold higher lows, and confirm strength above the structure flip. Only then could the larger upside targets become technically reachable.

Crypto Patel frames the current ONDO price area as an early stage environment where patience matters more than speed. Deep corrections often precede powerful recoveries, yet timing remains uncertain until confirmation appears on the chart.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Analyst Points to Rare ONDO Price Setup That Could Change Investor Fortunes appeared first on CaptainAltcoin.

Bitcoin price in Telegram @btc_price_every_hour

81 +