ONDO Technical Analysis Jan 28
The post ONDO Technical Analysis Jan 28 appeared on BitcoinEthereumNews.com.
The current market structure maintains the downtrend; LH/LL pattern dominates, bearish bias continues unless $0.3422 resistance is broken. Market Structure Overview ONDO is trading at $0.34 as of January 28, 2026, and the overall market structure indicates a clear downtrend. The price has recently formed lower highs (LH) and lower lows (LL), reinforcing the bearish structure. This is a classic downtrend indicator: each new high is lower than the previous (LH), each new low is lower than the previous (LL). Multi-timeframe (MTF) analysis identified a total of 8 strong levels across 1D, 3D, and 1W charts; with 1 support/2 resistances on 1D, 1 support/1 resistance on 3D, and 1 support/3 resistances on 1W, weighted toward resistances. Remaining under EMA20 ($0.36) gives a short-term bearish signal, Supertrend is bearish, and $0.40 resistance is strong. RSI at 39.38 is approaching oversold, but momentum is weak, with MACD’s negative histogram confirming selling pressure. The 24-hour +2.14% rise ($0.32-$0.34 range) is just a local recovery; a close above $0.3422 is required for structural change. Market structure analysis determines if the trend continues or reverses via HH/HL or LH/LL patterns. Here, LH/LL dominates, so the bearish structure remains intact. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, higher highs (HH) and higher lows (HL) are required; meaning each new high higher than the previous, each new low higher than the previous. ONDO lacks such a structure recently: Price has been making LHs since the $0.6043 swing high ($0.3422 latest LH). Potential HL formation is limited to holding above $0.3166 support, but breaking the $0.32 local low increases LL risk. Bullish continuation target $0.4944 (score 30/100) is distant; a close above EMA20 ($0.36+) would be the first HH signal, but it hasn’t happened yet. Slight RSI recovery (above 39) could hint at momentum change,…
Filed under: News - @ January 28, 2026 2:22 am