$ONT /USDT Market update 🚨🚨🚨
$ONT is still in a macro downtrend (≈ -70% yearly performance)
Price is trading near historical lows (far below ATH ~$10+)
Weak market cap + low volume → no strong buying pressure
👉 Overall: Dead bounce / weak trend continuation zone
📉 Technical Bias: BEARISH;
Trend: Lower highs + lower lows (clear downtrend)
Liquidity: Sellers dominating (large sell orders seen recently)
Momentum: Weak recovery-likely distribution, not reversal.
⚠️ Bearish Trading Signals
1. Rejection Zone (Key Setup)
If price rejects near: $0.058 – $0.062
Look for: long wicks / bearish engulfing
👉 Entry: Short after confirmation
2. Breakdown Trade
Strong sell below: $0.055 support
👉 Target zones:
$0.050
$0.045
$0.040
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