Amid rising geopolitical risks, the cryptocurrency market is experiencing significant fluctuations, affecting major assets like Ethereum and Ondo.
Current State of the Cryptocurrency Market
On June 21, 2025, the cryptocurrency market faced a sharp pullback. The primary reasons are attributed to escalating geopolitical situations, particularly between Israel and Iran. Ethereum (ETH), one of the leading cryptocurrencies, dropped by over 3%, reaching around $2,425.
Analysis of Ondo and Its Trends
While the overall market trend reflects negative outlooks, Ondo (ONDO) has also been affected by the decline, decreasing by 3% today. This brings its monthly losses to over 22%. However, analysis of the daily chart shows that a potentially favorable setup is forming, resembling a previously successful fractal pattern.
Future Prospects for Ondo
The key psychological support for ONDO lies in the $0.68–$0.76 range. Maintaining this level is critical for sustaining a bullish structure. Currently, ONDO displays behavior similar to that of November 2024 when the token was able to rally by 261% following a breakout of significant resistance. If the current situation unfolds similarly, ONDO may be expecting a significant rally towards $2.70.
Although the recent price drop may raise concerns, technical analysis suggests there are grounds for an optimistic outlook for ONDO. Nevertheless, investors should exercise patience and await clear confirmations of improvement in the situation.
