$ONT /USDT Weekly Timeframe Analysis โ BINANCE
Ontology ($ONT) has officially broken above its long-term downtrend line, indicating a strong shift in market structure. ๐
This breakout came directly from a multi-year demand zone, which has acted as a key support since early 2023.
๐ What does this mean?
Buyers are stepping in โ and bullish momentum is starting to build.
As long as ONT holds above this breakout zone, we could see a gradual move toward the following targets:
๐ฏ Upside Targets:
๐น $0.2100
๐น $0.2650
๐น $0.3210
๐น $0.3983
๐ก๏ธ The key demand zone below still holds strong. As long as price stays above it, the bias remains bullish.
๐ Summary:
Weekly trendline breakout โ
Strong support confirmation โ
Momentum building for higher targets โ