$ONT is seeing a powerful breakout, jumping 25% to $0.0779 in the past 24 hours, supported by a major surge in trading volume (over $12M USDT). As price action cools and begins to consolidate, the tug-of-war between bulls and bears is heating up.
🟢 Bullish Case
Momentum: The uptrend remains strong, with the short-term 7-period EMA staying above longer-term averages.
Market Sentiment: Traders are eyeing upside targets in the $0.0820–$0.0900 range.
Volume Confirmation: Elevated volume suggests real participation, not just a low-liquidity spike.
🔴 Risk Factors (Potential Pullback)
Severely Overbought: The 6-period RSI reached 96.33, a level that rarely holds without some correction.
Futures Signal: A 4.27% drop in futures activity hints that leveraged positions may be unwinding.
Rising Volatility: ATR readings point to sharp price swings ahead — risk management is key.
As consolidation sets in, direction will likely be decided quickly — stay alert and manage exposure carefully.
