Binance Technical Analysis: ONT/USDT – A Bullish Surge and Key Targets Ahead
📊 Overview
ONT/USDT has recently seen an impressive 18.40% increase in the last 24 hours, currently trading at 0.2362 USDT. After a strong upward momentum, the pair is showing bullish signs, but key resistance and support levels should be watched closely for future price movements.
🔑 Key Levels to Watch
1. Support Level: 0.2187 USDT
The SAR (Stop and Reverse) indicator is showing a potential support at 0.2187, which could provide stability if price corrects down. A bounce here could signal a continuation of the uptrend.
2. Target 1 (First Resistance): 0.2423 USDT
The price has tested levels near 0.2423, acting as an immediate resistance. A successful breakout above this level could trigger further bullish momentum towards higher targets.
3. Target 2 (Key Resistance): 0.2576 USDT
The 24h High of 0.2576 USDT remains a crucial resistance point. If ONT/USDT manages to break above this, it could signal a strong continuation towards 0.2601 and higher.
🔍 Market Sentiment & Volume
With 24h volume for ONT at 17.78M and USDT at 3.93M, there’s significant liquidity and activity supporting these moves. However, if the price fails to break through key resistance levels, a pullback to support could occur.
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