The post 21Shares ONDO ETF filing sparks attention, but will it help its price? appeared on BitcoinEthereumNews.com.

21Shares’s filing for an ONDO ETF has put the spotlight back on the token. Despite ONDO’s price continuing to press near local lows over the past few weeks, exposing a sharp gap between narrative and structure. Ondo [ONDO] bounced by nearly 8% over the past 24 hours though, pushing the price towards the $0.25-zone. Worth noting though that this rebound corresponded with the rest of the market appreciating on the charts too. Hence, it’s unclear whether the news update had any impact on ONDO.  In fact, buyers followed market momentum, not fresh ONDO demand. And yet, despite the price bound, it was well below previously lost structural levels at press time, with sellers defending rebounds aggressively.  Previous attempts to recover higher zones failed quickly too, reinforcing downside control. Volatility expanded briefly during the market-wide surge, then compressed again. Such a behavior signals responsiveness, not accumulation.  Hence, while the ETF headline lends visibility, broader market conditions continue to drive short-term price movement. Sellers defend broken structure despite slowing momentum ONDO’s price remains under pressure as sellers continue to defend previously broken structural levels, keeping downside risk active. At the time of writing, the daily chart revealed repeated rejection below the $0.356 zone – A level that previously acted as support. After losing that level, the price failed multiple times to reclaim it, confirming supply dominance.  Here, the $0.20 region stood out as the next major demand zone, aligning with earlier consolidation and long-wick reactions. Therefore, downside risk will remain skewed towards that area if selling resumes.  The altcoin’s momentum indicators seemed to reinforce and underline its weak follow-throughs too. Source: TradingView Leverage thins as traders step aside Derivatives participation cooled sharply too as traders reduced exposure, instead of pressing directional bets. Total derivatives volume dropped by 40.51% to $227.96 million –…

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Filed under: News - @ February 8, 2026 12:07 am