$ONT is flying high, surging 25% to $0.0779 in the last 24 hours! The move is backed by a massive volume spike (>12M USDT). However, the battle between bulls and bears is intensifying as consolidation begins.
š¢ The Bull Case
Momentum: Strong bullish trend with 7-period
EMA holding above long-term averages.
Sentiment: Traders are projecting targets between $0.0820 and $0.0900.
Volume: High volume indicates genuine market interest.
š“ The Risks (Correction Warning)
Extreme Overbought: The 6-period RSI peaked at 96.33. This is historically unsustainable without a pullback.
Futures Divergence: Futures markets show a recent 4.27% decline, suggesting leverage is exiting.
Volatility: ATR suggests rapid price swings are likelyātighten your stops.
