ONDO Technical Analysis Jan 23

ONDO is currently trading at $0.34 and is in a critical balance search above the main support at $0.3227. The price, trapped below the nearby resistance at $0.4212, is in a sensitive position for liquidity hunting.

Current Price Position and Critical Levels

ONDO is consolidating around $0.34 within the overall downtrend. The 24-hour change shows a limited recovery at +%0.32, but the price continues to stay below EMA20 ($0.38), signaling short-term bearish momentum. RSI at 36.20 is near the oversold region, but the Supertrend indicator points to $0.41 resistance, confirming the bearish bias. There’s narrow movement in the $0.33-$0.35 range over the last 24 hours, with volume at $48.63M at moderate levels. Multi-timeframe (MTF) analysis detects a total of 9 strong levels across 1D/3D/1W timeframes: 2 supports/1 resistance on 1D, 1S/1R on 3D, 1S/3R confluence on 1W. This structure indicates the price risks testing the $0.3227 support block. Historically, ONDO has seen strong buyer reactions in this area, especially with high-volume rejected wicks. In case of a breakdown, the downside target is $0.1977 (high-score liquidity pool), while upside could extend to $0.4638.

Support Levels: Buyer Blocks

Primary Support

$0.3227 (Score: 79/100) – This level stands out as ONDO’s most critical buyer zone. Why? It’s aligned with an order block (OB) tested three times in the last two months on the 1D timeframe; each test was accompanied by a high volume spike and strong rejection. On the 3D chart, it has weekly low confluence, forming a demand zone where big players have accumulated liquidity. On 1W, it overlaps with the Fibonacci 0.618 retracement level, which has produced +%20+ bounces in the past. According to volume profile, delta is positive in this area (buyer dominance), suggesting institutional buying is likely. As price approaches here, expect long wicks and hammer candles – defended with $15M+ volume on the last test. The importance of this level comes from MTF confluence: If broken, downward momentum accelerates.

Secondary Support and Stop Levels

$0.3422 (Score: 61/100) – Just below the current price ($0.34), this level acts as secondary support but has recently turned into minor resistance. Close to the 24-hour low ($0.33) on 1D, short-term buyers stepped in here – volume increase %20. It has swing low confluence on 3D, bouncing twice in the past. Watch $0.31 below $0.3227 as a stop level: This is the invalidation point; if broken, the $0.1977 downside target activates (R/R ratio around 1:1.2, calculated from current price). At secondary support, equal lows formation could signal liquidity accumulation, but it remains weak as long as below EMA20.

Resistance Levels: Seller Blocks

Near-Term Resistances

$0.38 (EMA20) and $0.41 (Supertrend) – The first short-term hurdle is at $0.38, where EMA20 forms dynamic resistance. Price has been rejected from here over the last three days, with fading volume (decline) showing clear seller dominance. Supertrend at $0.41 is a strong ATR-based level as a bearish signal line – 1D/3D confluence on MTF. There’s a supply imbalance (fair value gap) in this area; expect short wicks as price approaches.

Main Resistance and Targets

$0.4212 (Score: 66/100) – The main resistance block is defined as a breaker block on the 1W timeframe; a high-volume supply zone from the October 2025 peak. Tested three times, each triggering +%10+ drops. Confluence with Fibonacci 0.382 extension on 3D, frequent RSI divergence seen here. For breakout, need a close above $0.4212, otherwise high fakeout risk. Upside target $0.4638, aligned with PD array (previous day high) – R/R 1:2 potential upside. This level is a liquidity pool where big players defend short positions.

Liquidity Map and Big Players

ONDO’s liquidity map shows stop-loss clusters below $0.3227 – a liquidity hunt opportunity for big players (approx. $50M potential). Above, buy stops above $0.4212 are targeted, sweepable with fake breakouts. Order flow analysis shows aggressive buyers around $0.34 but sellers dominant at EMA20. Institutions (CEX data) are accumulating longs at the $0.3227 OB; volume delta positive. In the downtrend, these levels are smart money reversal (SMR) points – similar setup at $0.30s produced %40 rally in the past. Liquidity imbalances could first pull price to the $0.33 low.

Bitcoin Correlation

BTC at $89,550 continues downtrend (+%0.09 24h), Supertrend bearish. Altcoins like ONDO have %0.85 correlation to BTC; if BTC breaks $88,379 support (main support), pressure on ONDO $0.3227 increases – possible +%15+ drop via cascade effect. If BTC holds resistances at $89,570/$92,315, ONDO could bounce to $0.42 on alt season signal. If BTC dominance rises (currently bearish), watch ONDO for liquidity sweeps: Breaks of main BTC supports $86,759/$84,681 trigger deep altcoin corrections. Watch: BTC $89k hold is bullish bias for ONDO.

Trading Plan and Level-Based Strategy

Level-based outlook: If holds above $0.3227, prepare for $0.38 EMA test – $0.4212 short-term target on bounce, R/R 1:3. Downside breakdown to $0.1977 major, invalidation above $0.3422. Near-term, expect reversal after $0.33 low sweep, volume confirmation required. Detailed data for ONDO Spot Analysis and ONDO Futures Analysis. No news, stay pure price action focused. Strategy: Support reaction > Resistance rejection priority, risk %1-2.