#ONT/USDT
is trading within a descending channel on the 4H timeframe, currently facing resistance near the upper boundary.
Price briefly retested the $0.127 supply zone but failed to break above, indicating ongoing bearish pressure.
A rejection here could lead to a continuation toward the channel’s lower support around $0.095.
However, a breakout above the descending trendline and the $0.127 zone could signal a shift toward short-term bullish momentum.