📊 $ONG

/USDT Technical Analysis – Binance Update

Current Price: $0.3350 (+0.03%)

24h High: $0.3382

24h Low: $0.3195

Trading Volume: 2.73M ONG (~$899,850.25 USDT)

Market Outlook

The ONG/USDT trading pair is showing signs of consolidation after testing its recent 24h high at $0.3382. Price action indicates a potential breakout or retracement based on key levels of support and resistance.

Key Targets 🎯

1. Target 1: $0.3400 (Short-Term)

A test of this level signals bullish momentum. A break above $0.3400 could push prices toward higher targets.

Strategy: Monitor for breakout patterns like ascending triangles on the 15-minute chart.

2. Target 2: $0.3500 (Mid-Term)

This psychological level serves as a strong resistance zone. If the price sustains above $0.3400 with high volume, $0.3500 is a realistic target.

Strategy: Focus on volume spikes and RSI to confirm continuation patterns.

3. Target 3: $0.3190 (Downside Support)

In case of a retracement, the price could retest this key support zone. Bulls need to defend this area to prevent further downside.

Strategy: Observe for reversal candlestick patterns at this level for potential entry opportunities.

Indicators to Watch

RSI: Neutral (~50), showing no overbought or oversold signals.

MACD: Awaiting confirmation of crossover to identify a clear trend.

Volume: Keep an eye on increasing volume near key levels for potential breakout/reversal.

Summary

ONG/USDT is currently trading within a tight range. A breakout above $0.3400 or a breakdown below $0.3190 will define the next major move. Traders should remain cautious and use stop-loss orders to manage risks effectively.

Let us know your thoughts and trading strategy! 💬

Disclaimer: This post is for informational purposes only and not financial advice.