$ONT shows a strong bullish breakout after a long accumulation phase near the 0.0489 support zone. Price stayed compressed for hours, building liquidity before a sudden impulsive move pushed it toward 0.0679. This pump is mainly driven by high volume expansion, visible on the chart, which confirms real buying pressure rather than a fake spike. The Super trend flip to green also signals a shift in market structure from bearish to bullish, attracting momentum traders and short liquidations that accelerate the move.
After the sharp rally, price entered a short consolidation near 0.0620, indicating profit taking but still holding above previous resistance turned support around 0.0560. This suggests strength and potential continuation if buyers defend this zone. As long as price stays above the Super trend line, the trend remains bullish. A break above 0.0650 can trigger another leg up, while losing 0.0560 may lead to a deeper pullback. $ONT
ONTUSDT
Perp
0.0591
-2.95%