Is Ontology (ONT) Poised for a Breakout?

#ONT is caught in a bearish wedge, currently testing resistance. A breakout could send prices soaring towards $0.50🚀, but is it guaranteed?

Here's the breakdown:💡

Wedge Pattern: $ONT price action forms a #bearish wedge, historically indicating a potential price drop.🔻

Resistance Zone: The price is currently hovering near resistance. A break above could signal a #Bullish reversal.

Potential Upside: If the resistance breaks, ONT could surge towards $0.50.📈

Support Levels: Keep an eye on support zones at $0.2850 and $0.2530 in case of a reversal.👀

What's Your opinion on ONT❓

ONT CHART WATCH 👀: Support Test or Downtrend Deep Dive? 🌊

#ONT price dipped below its previous support level at $0.315-$0.327 and is currently retesting it. While this could be a potential buying opportunity, caution is advised.🟩

The overall trend for $ONT remains slightly #bearish suggesting a potential deeper decline. Waiting for a clear price reversal or a confirmed break above resistance ($0.375-$0.39) might be a safer entry point.

Here's a breakdown:

Support: $0.315 - $0.327

Resistance: $0.375 - $0.39