$ONT woke up! +30% profit and a vertical surge that caused shorts to panic and added strength to the rise.
📊 Analysis $ONT
📌 Vertical surge. The price tested the mark $0.0568, after which a natural correction began. Now the chart is trying to hold above EMA(7) at the level of $0.0531.
✅ Market overheating. Open interest has risen to an abnormal $192.8 million. This is over 20% of the total market capitalization of the asset. Such concentration of positions is always accompanied by an increased risk of sharp swings in both directions.
🐳 Actions of the “whales.” The long/short ratio among top traders has begun to fall sharply alongside the price rise. This is a clear signal: large players are locking in profits from retail buyers who are jumping in on FOMO.
📉 Express forecast👇
Currently, the asset is entering a turbulence zone. If the level $0.0531 cannot withstand the pressure, the next stop for testing is — $0.0485 – $0.0490.
Be careful and cautious, protect your deposit and multiply👇
