Ondo price forecast: risks remain despite gains to $0.30

  • Ondo price hovered near $0.24, down around 6%.
  • If there’s 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, 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.

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.

Ondo price recap: bounce hits supply wall

Like several major altcoins, ONDO rebounded from the $0.20 level as cryptocurrencies recovered from the sell-off on February 5.

However, buying momentum weakened near $0.27, where selling pressure held over the weekend, establishing the area as a strong supply zone.

On Monday, the token moved lower again, falling about 6% to trade just above $0.24.

The decline was accompanied by an 8% rise in trading volume, pointing to continued seller dominance.

The weakness has come as Bitcoin struggles to regain traction around the $70,000 level, with broader market sentiment remaining negative.

On-chain data across the sector indicates sustained selling from early investors and large holders.

ONDO remains under pressure and is down about 14% over the past week, in line with similar declines across RWA-related tokens.

Ondo price outlook: up or risk of fresh pain?

The broader outlook for ONDO continues to reflect a balance between technical factors and wider macroeconomic pressures.

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.

At the same time, the Moving Average Convergence Divergence (MACD) is pointing to a potential bullish crossover, with the histogram showing easing downside momentum.

One notable feature on the higher-timeframe chart is a tightening falling wedge visible on the weekly timeframe.

The pattern currently leans in favour of bulls, with price action tracking close to the upper trend line.

ONDO has largely consolidated within this structure through much of 2026 and has repeatedly rebounded from the lower boundary, reinforcing the pattern’s significance.

Ondo Price Chart
Ondo price chart by TradingView

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.

However, downside risks remain elevated.

The broader cryptocurrency market continues to trade weakly, with Bitcoin struggling below $69,000 and Ethereum facing repeated rejection near $2,000.

Sentiment remains fragile, with the CoinMarketCap Crypto Fear and Greed Index at 9, firmly in extreme fear territory.

High liquidation activity, exceeding $344 million over the past 24 hours, also points to continued market stress.

If ONDO fails to hold support at $0.21, analysts warn that a pullback toward the $0.17 level could follow.

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Solana price near key $75 support as RSI oversold signals potential bounce

  • Solana (SOL) currently trades near $83 after a nearly 39% monthly drop.
  • Weekly and daily RSI signal the token is oversold, hinting at a possible short bounce.
  • The key support around $75 is critical to prevent further decline.

Solana (SOL) has been under intense pressure in recent weeks.

The altcoin currently trades around $83, down nearly 39% over the past month.

This decline comes amid broader weakness in the crypto market and low retail engagement.

Technical analysis shows that SOL’s weekly Relative Strength Index (RSI) is deeply oversold.

Some are suggesting that the token may have reached a “final dip,” referencing a long-term structural support around the $75 level, and eyes are now on whether this support can hold.

Solana price technical analysis

From a technical standpoint, Solana’s trading volume remains high, with over $3.9 billion exchanging in the past 24 hours.

But despite this high activity, the token is trading well below key moving averages.

The 50-day and 200-day averages now act as the immediate resistance levels and remain out of reach for now.

Short-term momentum indicators, including the MACD histogram, have flattened, reflecting waning bearish momentum.

In addition, on the daily and weekly charts, RSI remains near historic lows, indicating extreme oversold conditions.

Solana price chart
Solana price chart | Source: TradingView

This combination suggests potential for a short-term relief bounce, though trend reversal is not guaranteed.

Market sentiment shows a muted retail engagement

Retail interest in Solana remains muted, with recent reports showing low futures open interest, signalling that traders are reducing exposure.

Derivatives funding rates are also negative, suggesting bias toward short positions.

Solana ETFs have also recorded outflows, reinforcing weak institutional participation.

Analysts note that these factors add to the bearish pressure on the token.

Still, technical indicators hint at a potential stabilisation near critical support zones, with the $75 level having been repeatedly cited as key support in recent forecasts.

Breaking below this threshold could open the door to further downside, possibly toward $67 or even $51 in extreme scenarios.

On the upside, recovery faces resistance around $111 and $138, which would need to be breached to shift the market sentiment positively.

Long-term Solana market analysis

Long-term forecasts for Solana remain mixed.

Some analysts foresee recovery toward the mid-$100s if support holds and broader market conditions improve.

Bullish projections even extend toward $250, though these are contingent on sustained buying pressure and macro-level stability.

For now, the focus remains on short-term price stability.

Investors and traders should keep a close eye on the $75 support, viewing it as a potential floor for consolidation.

SOL’s trajectory will likely depend on a combination of market sentiment, institutional flows, and technical momentum.

As it stands, Solana is navigating a critical juncture where its next move could define the tone for the coming months.

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