As of February 10, 2026, ONDO continues in a steady daily decline, forming lower highs and lower lows since December. The price recently dropped to $0.218, only to move back up to $0.246.
The key support levels are at $0.23, $0.218, and $0.20, while a possible breakdown could push the targets down to the $0.18-$0.17 region due to the bearish sentiment prevailing worldwide.
The moving averages line up with a bearish market, as the price remains below the resistance levels of $0.294, $0.352, and $0.432, thus hindering the price from bouncing back. In order for a bullish market to resurface, the price needs to break above $0.29, then $0.35, and eventually $0.43 to target $0.67.
The price recently touched the lower band at around $0.218, indicating an oversold situation. A possible move to the mid-band resistance at $0.29 may happen, but a failure to break above $0.23 could pave the way for a fresh downturn to $0.21, then $0.20, with a possible support level at $0.18-$0.17.
Also Read: ONDO Price Crashes 88% As Token Enters Critical Last-Hope Zone
Momentum Indicators Highlight Weakness
RSI shows that the token is close to the oversold level of 32, which reflects weak momentum and strong selling pressure. While the RSI value close to 30 may indicate a possible bounce, it is below 50, and thus, the bearish momentum is still in control, as per the TradingView chart.
The MACD is still below zero, indicating the overall bearish trend. The MACD line is still below the signal line, but the histogram is gradually becoming smaller, indicating that the selling pressure is easing off. This is normally an indication of a consolidation phase or a minor correction rather than a major reversal.
Strategic ETF Development
We have filed an amendment with the SEC for an ONDO ETF in the United States. This is an important step towards making it easier for more people to invest in ONDO via exchange-traded funds. This is part of our continued efforts to provide investors with new ways to access digital asset markets.
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Why This Matters
ONDO is in a downward trend, with major support levels at $0.23, $0.218, and $0.20. The momentum indicators are not showing strong selling pressure, as RSI is approximately 32 and MACD is indicating a bearish trend.
The U.S. SEC ETF filing may serve as a catalyst and could help open up the market to more investors.
Also Read: ONDO Near $0.30 Zone Could Trigger Major Recovery
