$ONT ONT/USDT: Bounce or More Pain? Let's Analyze! 🔄
ONT has faced a sharp correction today, currently down -7.45% and trading at $0.09465. However, the latest 1-hour candles show a strong rejection of lower prices—could the bottom be in?
🔍 The Technical Breakdown:
Support Hold: The price hit a low of $0.09193 and bounced, staying just above the lower Bollinger Band ($0.09216).
RSI Recovery: The RSI(10) was oversold but is now climbing back toward 39.6, suggesting the selling pressure is finally cooling off.
MACD Status: While still in the negative zone, the bearish momentum is slowing down as the histogram bars begin to shorten.
SAR Hurdle: Parabolic SAR dots are at $0.09937, which remains the key level to flip if we want to confirm a full trend reversal.
🎯 Trading Strategy & Targets:
Entry Zone: $0.0935 - $0.0955 (Ideal for catching the initial bounce).
Target 1 (TP1): $0.0970 (Middle Bollinger Band resistance).
Target 2 (TP2): $0.1015 (Upper Bollinger Band breakout).
Target 3 (TP3): $0.1040 (Testing the 24h High).
Stop-Loss (SL): $0.0910 (Exit if the recent low fails to hold).
🔥 What's your move? Are you buying this ONT dip for a quick 5-10% gain, or are you waiting for more confirmation? Let’s discuss in the comments! 👇
⚠️ Disclaimer: Crypto trading involves high risk. This analysis is for educational purposes. Always trade with a plan! #DYOR
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