$ONT

Binance Technical Analysis: ONT/USDT 📊

Current Price: 0.3009 USDT

ONT/USDT has been showing strong momentum with a 24-hour price increase of +22.32%, trading between a high of 0.3200 USDT and a low of 0.2383 USDT. This price action highlights some key levels for short-term traders and investors. Let’s break down the targets and technical indicators:

Target 1: 0.3200 USDT (Resistance Zone) 🎯

The price has recently tested the 0.3200 USDT level, which acts as a key resistance point. If the buying pressure continues, we could see a push towards this level, with potential for a breakout.

Target 2: 0.2940 USDT (Support Zone) 🎯

The 0.2940 USDT level is a significant support zone. If the price retraces, this level could act as a solid base for a bounce. Traders should monitor the volume around this area for any signs of accumulation.

Target 3: 0.2383 USDT (Critical Support) 🎯

A deeper pullback towards 0.2383 USDT would test the lower support. A strong bounce from this zone could provide a solid entry point for those looking to capitalize on potential long-term gains.

Technical Indicators:

Moving Averages (MA): The MA (5) and MA (10) are currently showing an upward trend, suggesting continued bullish momentum in the short term.

Volume: The 24h trading volume of 90.35M ONT indicates active participation, with 25.80M USDT in volume.

RSI & MACD: Both indicators are showing bullish signs, confirming a strong uptrend for ONT/USDT.

Conclusion:

ONT/USDT is currently in an uptrend, with a solid chance to test higher levels. Keep an eye on the resistance at 0.3200 and potential support at 0.2940 and 0.2383 for trading opportunities.

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