It rose by 38.84% to $0.19570, with the price increasing from $0.14 to $0.22 before stabilizing

Trading volume has risen to $528.4 million compared to $194.7 million market capitalization (ratio of 2.71)

The price has successfully broken out from the accumulation zone after holding important support at $0.1383

The price is currently moving in a strong upward direction but is still significantly low compared to its historical high of $11.18 in May 2018

Technical Indicators

The MACD indicator shows positive momentum with strong buying pressure

Registering significant capital flows (net inflow of 8.5 million ONT on August 24)

The RSI indicator above 70 indicates an overbought condition but does not negate the upward trend

Asian markets show higher volatility (price capacity of 5.27%) compared to American markets (price capacity of 1.87%)

Trading Strategy

The main resistance at $0.22 (the recent peak) with support at $0.1383

Potential entry points during pullbacks to the $0.17-$0.18 range

Risk management is critical due to the overbought condition

Consider taking profits at resistance levels while maintaining partial positions in case of a breakout