Technical Analysis for $ONT

/USDT:🚨💯💯

Current Price: $0.2525

24h Price Change: +10.45%

Support Zone: $0.2246 (24h Low)

Resistance Zone: $0.2533 (24h High)

Short-term Trend: Bullish (due to recent price increase)

Indicators:

RSI (Relative Strength Index): Likely to be neutral to bullish, pending confirmation (since the price is seeing an uptick).

MACD (Moving Average Convergence Divergence): Showing potential for upward momentum if the MACD line continues above the signal line.

Trade Signal:

Buy Signal: If price holds above $0.2450 and starts showing consolidation or slight upward momentum, consider entering.

Target Levels 🎯:

1. First Target (T1): $0.2600

Reason: This is the next resistance level, likely where some profit-taking will occur.

2. Second Target (T2): $0.2700

Reason: A possible level for additional upside movement as market sentiment improves.

3. Third Target (T3): $0.2850

Reason: If momentum continues and bullish market structure sustains, a continuation towards the next strong resistance level.

Trade Momentum:

Momentum is currently bullish, with the price maintaining strength above key support levels.

Watch for potential pullbacks or consolidations to refine entry and protect profit once targets are reached.

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