$ONT

📊 ONT/USDT Technical Analysis - January 13, 2025 📈

🚀 Overview: ONT has been showing an impressive uptrend recently, with a notable 16.94% price increase over the last 24 hours. Currently trading at 0.2879 USDT, the market sentiment is looking bullish. Let’s dive into the technical analysis to identify key support and resistance levels, and outline potential targets for the coming days.

🔑 Key Levels to Watch:

Support: The price has formed a strong support around 0.2383 USDT (24h low). This level has proven resilient, and a bounce here could present a good buying opportunity.

Resistance 1: The immediate resistance is at 0.2941 USDT, close to the 5-minute moving average (MA5). If the price breaks above this level, expect a surge towards higher targets.

Resistance 2: A stronger resistance lies at 0.3200 USDT (24h high). This level will likely be a critical test for the bulls, and a successful breakout could push the price further upwards.

🎯 Target Levels:

1. Target 1 (0.2941 USDT): Expect the price to potentially test and break the MA5 level, moving upwards if buying pressure persists. Watch for confirmation with volume increase.

2. Target 2 (0.3200 USDT): The 24-hour high is a major resistance point. A clear breakout here could signal a rally to the next targets.

3. Target 3 (0.3400 USDT): If the bullish momentum continues, the next target could be around 0.3400 USDT. This is based on previous price action and resistance levels.

📉 Risk Management:

If the price fails to hold above 0.2383 USDT, the trend could shift bearish, with the next support levels at 0.2342 USDT and 0.2200 USDT.

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