#📈 $ONT /USDT Technical Analysis: Potential Targets 🎯
The ONT/USDT pair has shown bullish momentum, currently trading at $0.2709 (+4.15%). Here's a technical breakdown and potential targets for traders:
Key Levels
1. Bollinger Bands Analysis
Upper Band (Resistance): $0.2785
Middle Band (Support): $0.2711
Lower Band (Support): $0.2636
The price is approaching the Upper Bollinger Band, indicating a possible breakout if the momentum persists.
2. Resistance and Support Zones
Resistance 1: $0.2785 (24h High & Upper Band)
Resistance 2: $0.2850 (Psychological level, historical resistance)
Support 1: $0.2636 (Lower Band)
Support 2: $0.2511 (24h Low)
Price Targets 🎯
1. Target 1: $0.2785
The nearest short-term target aligns with the Upper Bollinger Band. If volume sustains, the price could test this level within the next 24 hours.
2. Target 2: $0.2850
Breaking $0.2785 could push the price to $0.2850, a key psychological resistance level. Strong bullish momentum or news could support this move.
3. Target 3: $0.3000
If $0.2850 is broken, ONT could aim for $0.3000, a significant psychological milestone. Watch for increased volume and overall market sentiment.
Trading Tips
Bullish Case: Look for a confirmed breakout above $0.2785 with strong volume to enter long positions.
Bearish Case: If the price falls below $0.2636, it may test $0.2511 as the next support zone.
Use stop-loss orders to manage risk effectively, especially near volatile levels.
Stay updated with ONT/USDT trading on Binance, and always conduct your own research before making investment decisions. 🚀
Disclaimer: This is not financial advice. Please trade responsibly.