ONDO Technical Analysis Jan 24

ONDO faces pressure at the $0.35 level with a 3.56% intraday drop. Critical support at $0.3412 and resistance at $0.3546 should be monitored; rapid scenarios active for 24-48 hours.

Short-Term Market Outlook

ONDO is trading at $0.35 as of January 24, 2026, and has suffered a 3.56% loss in the last 24 hours. The daily range is squeezed between $0.34-$0.36, with volume at a medium level of 43.64M$. The short-term trend is downward; the price continues to stay below EMA20 ($0.35$), strengthening the bearish bias. The Supertrend indicator draws resistance at $0.37 and issues a bearish signal. RSI at 48.34 is in the neutral zone, but although the MACD histogram is positive, overall momentum is weak. 10 strong levels detected in 1D/3D/1W timeframes: 2 supports/2 resistances in 1D, 1S/1R in 3D, 3S/4R in 1W. In this context, volatility may increase in the next 24-48 hours, especially depending on BTC movements. Short-term targets: upside $0.3878, downside $0.2824. News flow is calm, so technical levels take precedence. For active traders, scalp opportunities are limited; risk management is critical.

Intraday Critical Levels

Nearby Support Zones

Immediate support at $0.3412 (strength score 74/100), just above the intraday lows. If this level breaks, $0.2824 (63/100) could be tested quickly for invalidation—a strong zone from the 1W timeframe. Deeper support at $0.2613 (62/100), but low probability of reaching it within 24 hours. Watch for volume increase at these supports; if held, a short bounce is possible; if broken, the downtrend accelerates.

Nearby Resistance Zones

First resistance at $0.3546 (76/100), near EMA20 and above intraday highs. A volume-backed close is required for breakout. Second resistance at $0.3472 (71/100) can be monitored as an intermediate level, but not priority since it’s below current price. Supertrend resistance at $0.37, farther target $0.4143 (64/100). High probability of rejection at these resistances in the short-term bearish outlook.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI 48.34 neutral, no oversold but weak. MACD histogram positive, implying mild bullish divergence, but price remains bearish below EMA20. Supertrend bearish, speed analysis supports downtrend. On the 4-hour chart, momentum is slowing; $0.3412-$0.3546 zone ideal for scalping. Declining volume limits volatility; sudden spikes could be triggers. For 24-48 hours, momentum biased downward; $0.3546 close required for upside reversal.

Short-Term Scenarios

Upside Scenario

Volume-backed breakout above $0.3546 tests EMA20 and targets $0.3878 (score 38). Trigger: Hold above $0.35 + RSI 55+. Supportive if BTC breaks $89,621 resistance. Invalidation: Close below $0.3412. Low probability scenario (30%), $0.36 pivot for quick scalps.

Downside Scenario

Break below $0.3412 accelerates to downside target $0.2824 (score 22). Trigger: Retest of intraday low $0.34 + MACD negative crossover. Alts pressured if BTC loses $88,870 support. Invalidation: Close above $0.3546. High probability (70%), suitable for swing shorts but tight stop-loss essential.

Bitcoin Correlation

BTC sideways at $89,363 level, -1.55% in 24 hours. Supertrend bearish, rising dominance a caution signal for alts. ONDO highly correlated with BTC; if BTC fails to hold $88,870 support, ONDO $0.3412 breakdown accelerates. Conversely, BTC breaking $89,621 resistance triggers ONDO upside scenario. Watch: BTC supports $88,870/$87,635, resistances $89,621/$90,751. If BTC dominance rises, ONDO downtrend deepens. Details in ONDO Spot Analysis and ONDO Futures Analysis.

Daily Summary and Monitoring Points

Today’s focus: $0.3412 support and $0.3546 resistance. Breakouts will determine direction for 24-48 hours. Monitor volume spikes, RSI divergence, and BTC movements. MTF levels (1D/1W) show strong confluence. Short-term trades high risk; risk 1-2% of capital, keep invalidations tight. No specific trade signals, do your own research.