$ONG /USDT Analysis Bullish Momentum Resurging $ONG /USDT has gained 3.84% and is currently trading at $0.3489, rebounding from a recent low of $0.3109. This recovery is supported by increased volume and an RSI of 66, signaling renewed bullish momentum but nearing overbought conditions.
Key Support Levels
$0.3350: Immediate support zone, crucial for maintaining upward momentum.
$0.3100: A critical support level if the price experiences further retracement.
Key Resistance Levels
$0.3550: The 24-hour high, marking the next breakout level.
$0.3700: A significant resistance point that could trigger stronger bullish activity.
Trading Setup
For Bulls:
Entry: Around $0.3350 on pullbacks, with a stop-loss at $0.3250.
Targets: $0.3550 and $0.3700.
For Bears:
Entry: Below $0.3350, targeting $0.3100, with a stop-loss at $0.3450.
Market Insights
#ONG is recovering strongly with rising volume, indicating bullish sentiment. A breakout above $0.3550 could drive further gains, while failure to hold $0.3350 might lead to a deeper pullback. Traders should monitor volume and RSI for further confirmation.