🚨 Ontology Gas (ONG) Ready for a Comeback or Another Dip? 🚨
The chart for ONG shows some signs of hope, but it’s not out of the woods yet! 📉➡️📈 After a sharp fall from its highs in May, the price has been trying to consolidate around the $0.27-$0.28 range. While the recent bounce looks promising, with the 7-day moving average crossing above the 25-day MA, we’re not seeing the volume or momentum needed for a full reversal just yet. ⚠️
If ONG can push past $0.30 with stronger buying volume, we could see a nice upward trend start to develop, with targets around $0.35-$0.40. However, if it fails to maintain this level and selling pressure picks up, a dip back to $0.25 is very possible. 😬
For now, we're cautiously optimistic, but the market needs to prove itself before we can call it a true recovery. Watch the next few days closely! 👀
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