$ONG has experienced a slight decline of 2.61% in the last 24 hours.
The price oscillated between a high of 0.1714 and a low of 0.1633.
This price action aligns with the overall downtrend observed in the market.
Bollinger Bands indicate constrained volatility, with the current price hovering near the lower band at 0.1626.
Support at 0.1633 is crucial, while resistance is noted at 0.1714.
Bitcoin’s influence remains undefined, suggesting a lack of strong correlation at this time.
Traders may consider a short-term approach, given the current volatility and market sentiment.
Overall, while short-term opportunities exist, caution is warranted due to the prevailing downtrend.
Key takeaway: The lack of correlation with Bitcoin may signal independent movement, marking ONG as a potential underdog in the current climate.
