{"id":6478,"date":"2026-02-09T14:57:47","date_gmt":"2026-02-09T14:57:47","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6478"},"modified":"2026-02-09T14:57:47","modified_gmt":"2026-02-09T14:57:47","slug":"ondo-price-forecast-risks-remain-despite-gains-to-0-30","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6478","title":{"rendered":"Ondo price forecast: risks remain despite gains to $0.30"},"content":{"rendered":"
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Ondo price hovered near $0.24, down around 6%.<\/li>\n
If there\u2019s a breakout, ONDO could target $0.45 in the near term.<\/li>\n
ONDO could dive below $0.20 if bulls fail to hold onto gains.<\/li>\n<\/ul>\n
The ONDO token climbed to nearly $0.30 as improving sentiment lifted much of the altcoin market, including the real-world asset tokenisation project.<\/p>\n
However, selling pressure emerged near a key resistance level, with the price down about 6% over the past 24 hours at the time of writing on Monday, February 9, 2026.<\/p>\n
As a result, despite a mildly constructive technical setup, a deeper pullback could undermine near-term upside momentum and weigh further on the price of ONDO.<\/p>\n
Ondo price recap: bounce hits supply wall<\/h2>\n
Like several major altcoins, ONDO rebounded from the $0.20 level as cryptocurrencies recovered from the sell-off on February 5.<\/p>\n
However, buying momentum weakened near $0.27, where selling pressure held over the weekend, establishing the area as a strong supply zone.<\/p>\n
On Monday, the token moved lower again, falling about 6% to trade just above $0.24.<\/p>\n
The decline was accompanied by an 8% rise in trading volume, pointing to continued seller dominance.<\/p>\n
The weakness has come as Bitcoin struggles to regain traction around the $70,000 level, with broader market sentiment remaining negative.<\/p>\n
On-chain data across the sector indicates sustained selling from early investors and large holders.<\/p>\n
ONDO remains under pressure and is down about 14% over the past week, in line with similar declines across RWA-related tokens.<\/p>\n
Ondo price outlook: up or risk of fresh pain?<\/h2>\n
The broader outlook for ONDO continues to reflect a balance between technical factors and wider macroeconomic pressures.<\/p>\n
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Signals on the daily chart are mixed. The relative strength index (RSI) is near 32 and trending lower, indicating scope for a deeper move into oversold territory.<\/p>\n
At the same time, the Moving Average Convergence Divergence (MACD) is pointing to a potential bullish crossover, with the histogram showing easing downside momentum.<\/p>\n
One notable feature on the higher-timeframe chart is a tightening falling wedge visible on the weekly timeframe.<\/p>\n
The pattern currently leans in favour of bulls, with price action tracking close to the upper trend line.<\/p>\n
ONDO has largely consolidated within this structure through much of 2026 and has repeatedly rebounded from the lower boundary, reinforcing the pattern\u2019s significance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\nOndo price chart by TradingView<\/figcaption><\/figure>\n
If a breakout materialises, ONDO could target the $0.45 level in the near term, with scope to extend toward $0.70 if momentum strengthens.<\/p>\n
However, downside risks remain elevated.<\/p>\n
The broader cryptocurrency market continues to trade weakly, with Bitcoin struggling below $69,000 and Ethereum facing repeated rejection near $2,000.<\/p>\n
Sentiment remains fragile, with the CoinMarketCap Crypto Fear and Greed Index at 9, firmly in extreme fear territory.<\/p>\n
High liquidation activity, exceeding $344 million over the past 24 hours, also points to continued market stress.<\/p>\n
If ONDO fails to hold support at $0.21, analysts warn that a pullback toward the $0.17 level could follow.<\/p>\n
Ondo price hovered near $0.24, down around 6%. If there\u2019s a breakout, ONDO could target $0.45 in the near term. ONDO could dive below $0.20 if bulls fail to hold onto gains. The ONDO token climbed to nearly $0.30 as improving sentiment lifted much of the altcoin market, including the real-world asset tokenisation project. However,<\/p>\n","protected":false},"author":1,"featured_media":6479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\n
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/2e1cef77-0364-4a33-bd10-81c766005c4c-1.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"Ondo](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/ondo-price-chart.png\")