$ONT has seen a slight decline of -1.749% in the past 24 hours.
The price fluctuated between 0.1215 and 0.1166, reflecting a bearish sentiment.
Bollinger Bands suggest increased volatility, with the price testing the lower band at 0.1176.
Key support is at 0.1175, while resistance stands at 0.1215, indicating potential range-bound trading.
The overall market trend remains downward, encouraging cautious positioning.
Currently, Bitcoin's influence on ONT is unclear, but macroeconomic pressures may exacerbate market fragility.
Traders should consider a short-term approach due to the heightened volatility.
A key takeaway is the necessity of monitoring macroeconomic indicators closely, as they may create further turbulence for ONT.
