The post ONDO Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

ONDO is approaching critical support levels within the general downtrend; although RSI is in the oversold region, MACD and Supertrend are giving bearish signals. Short-term recovery potential is limited, BTC correlation is creating the dominant effect. Executive Summary ONDO’s technical chart, as of February 1, 2026, reflects a clear downtrend dominance. While the price is trading at $0.29, it has squeezed into the $0.26-$0.30 range with a 24-hour %5.33 drop; although RSI below 29 gives an oversold signal, MACD negative histogram and Supertrend resistance at $0.37 continue the bearish pressure. Critical support at $0.2560 (strength score 75/100) is being tested, resistances strong at $0.3152 and $0.3680; 9 major levels (mostly resistances) dominate in multi-timeframe. Bitcoin’s similar downtrend (%5.29 drop) is creating pressure on altcoins, risk/reward ratio shifting to bearish targets ($0.1136). Strategically, a break below $0.2560 increases short opportunities, while a close above $0.3152 is expected for an oversold bounce. Market Structure and Trend Status Current Trend Analysis ONDO is moving within a clear downtrend on weekly and daily timeframes. The price remains below EMA20 ($0.34), with short-term bearish momentum dominant. The Supertrend indicator is in bearish mode and forming dynamic resistance at $0.37; this level acts as the main barrier where recent rallies have been rejected. On the 1D chart, no higher lows are forming, while lower highs confirm the trend’s continuation. On 3D and 1W, the price has slipped below the 50% Fibonacci retracement within a deeper bearish channel. The overall structure indicates nearly 80% correction from 2025 highs ($1.50+), but oversold conditions may trigger a local bottom search. Structural Levels Main structural supports are concentrated at $0.2560 (75/100 strength score, 1D/3D confluence) and the $0.22 region below; this aligns with the major swing low on 1W. Resistances are lined up at $0.3152 (66/100, short-term pivot), $0.3680 (66/100,…

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Filed under: News - @ February 1, 2026 12:19 pm