Ontology (ONT) has shown a strong bullish surge recently, gaining over 35% in a short time.
However, the price is now facing a pullback after hitting local highs near 0.135.
Currently trading around 0.113, it has dropped below the MA60, indicating weak short-term momentum.
This decline suggests profit-taking by traders rather than a full trend reversal.
The overall trend still looks positive based on strong weekly and monthly gains.
Key support is around 0.110, which will decide the next move.
If support holds, a rebound is possible; otherwise, further downside may follow.
Traders should wait for confirmation before entering new positions.
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