$ONG ONG/USDT – Breakout on the Horizon?
Current Price: $0.3483 (+3.38%)
24h High: $0.3582 | 24h Low: $0.3109
24h Volume: ONG: 14.00M | USDT: 4.69M
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Technical Overview:
EMA Trends:
EMA(7): $0.3353
EMA(25): $0.3310
EMA(99): $0.3389
ONG has surged past the EMA(99), signaling strong bullish momentum in the short term.
Support Levels:
$0.3389 (EMA 99 & immediate support)
$0.3250 (secondary support zone)
Resistance Levels:
$0.3582 (24h high)
$0.3700 (psychological resistance)
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Key Observations:
Strong Reversal: A sharp recovery from $0.3109 indicates renewed buying interest.
Volume Spike: Increased trading volume accompanies the breakout above EMAs, validating bullish sentiment.
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Potential Trade Setups:
🔵 Bullish Setup:
Entry Range: $0.3400–$0.3500
Targets: $0.3582 (initial), $0.3700 (extended)
Stop-loss: Below $0.3250
🔴 Bearish Setup (Caution):
Entry Trigger: Below $0.3300
Targets: $0.3200 (initial), $0.3100 (extended)
Stop-loss: Above $0.3400
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Market Sentiment:
ONG has shown a robust reversal with momentum favoring bulls. Maintaining above EMA(99) could lead to further gains. Monitor resistance levels closely for a potential breakout.
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