ONDO Technical Analysis Jan 29

ONDO is consolidating around 0.33$ while testing critical support. Weak momentum prevails under BTC pressure in the next 24-48 hours; pay attention to quick invalidation points.

Short-Term Market Outlook

ONDO is currently trading at the 0.33$ level and showing weak performance with a 1.07% decline over the last 24 hours. The daily range remained limited between 0.33$-0.35$, with volume at a moderate 72.24M$. The short-term trend is downward; the price is positioned below EMA20 (0.34$), giving a bearish signal. RSI at 46.59 is in the neutral zone, no oversold conditions but weakness in momentum. Although the MACD histogram is positive, the overall structure is supported by a bearish Supertrend, with resistance clearly at 0.36$. In the MTF context, 9 strong levels were identified across 1D/3D/1W timeframes: 2 supports/2 resistances on 1D, 1 resistance on 3D, and 2 supports/4 resistances weighted on 1W. This indicates that resistances are more dominant in the short term. News flow is calm, so technical levels will remain in focus. The next 24-48 hours carry high volatility potential for active traders, as BTC’s downtrend is pressuring alts. Check detailed data for ONDO Spot Analysis and ONDO Futures Analysis.

Intraday Critical Levels

Nearby Support Zones

Immediate supports are at tight levels: The most critical is $0.3323 (score 65/100), just below the price and a quick test is expected. The second level is $0.3166 (score 61/100); if broken, momentum accelerates. These supports come from the 1D timeframe—focus on quick closes for invalidation, e.g., a 15min candle close below 0.3323 triggers the downtrend.

Nearby Resistance Zones

Resistances are stronger: $0.3350 (score 84/100) is the nearest and critical, marking the consolidation ceiling above the price. Then $0.3420 (61/100) and $0.3530 (60/100). Supertrend resistance at 0.36$ points to the upper limit. These levels have high rejection potential, ideal zones for scalping.

Momentum and Speed Analysis

Short-term momentum is mixed: Although MACD shows a bullish histogram, RSI is neutral and bearish bias dominates below EMA. Volume profile is low for speed analysis, so be ready for sudden spikes. On the 4H chart, movement is within a downtrend channel, with the lower band supporting at 0.3323. For upward speed, a 0.3350 break is required; below, a 0.3323 breakdown increases speed. The scalping zone between 0.3323-0.3350 is narrow—watch for false breakouts. Risk management is critical: Limit position size to 1-2% risk, place stop-losses just beyond levels. Don’t forget the high risk of short-term trading; emotional decisions can erode capital.

Short-Term Scenarios

Upside Scenario

Trigger for bullish scenario: Strong close above 0.3350 (15min+). This tests EMA20 and aligns momentum with MACD. Targets sequentially: 0.3420, 0.3530, and 0.3755 (score 30). Progress speed depends on BTC recovery; invalidation is a close below 0.3323—quickly close longs if broken. Probability 40%, volume increase required.

Downside Scenario

Bearish scenario dominant: Triggered by a close below 0.3323, confirming Supertrend’s bearish structure. Targets: 0.3166 then lower targets, ultimate 0.2746 (score 22). For rapid drop, accelerates if BTC breaks 87.4k support. Invalidation above 0.3350—exit shorts here. Probability 60%, aligned with current trend.

Bitcoin Correlation

BTC at 88,161$ level with -0.98% decline in downtrend, Supertrend bearish. Main supports: 87,420$, 86,075$, 82,852$; resistances: 88,543$, 89,445$, 90,692$. BTC dominance is high and bearish, directly pressuring alts like ONDO—if BTC breaks 87.4k, ONDO tests 0.3323 support. Conversely, BTC recovery above 88.5k pushes ONDO to 0.3350. ONDO/BTC pair is weak, so BTC movements reflect with 70% correlation. Monitor BTC levels, leading indicator for alts.

Daily Summary and Monitoring Points

Watch today: 0.3323 support test (high breakdown risk), 0.3350 resistance rejection. For momentum, RSI 50 above/below crossover, volume spikes. Scenarios clear: Up on 0.3350 break, down on 0.3323 loss. BTC 87.4k is critical threshold. Short-term trades are high risk—don’t neglect capital management, max 2% risk/position. Stop-loss mandatory, use trailing. MTF levels strong, stay alert against false moves. For active traders, scalping opportunities in 0.3323-0.3350 zone but be prepared for volatility.