🔥 $ONG is coming back to life. What’s happening to the Ontology token?
ONG has seen real momentum over the past few days. On August 20, the price jumped by almost 90%, followed by a strong correction. Now the token is again moving toward $0.09.
At the time of writing, ONG is around $0.086, and within the day it already traded above $0.088. Trading volume is over $100 million.
The reason for the interest is the Ontology MainNet update, which took place on August 21. Exchanges paused ONG deposits and withdrawals in advance for the network upgrade.
What interests me here isn’t the candle itself, but the fact that after such a pump, buyers come back again.
If ONG can hold above $0.09, the move could continue. But after a nearly 90% rise in a single day, the risk of a sharp pullback is very high.
#ONG #Ontology
ONG has seen real momentum over the past few days. On August 20, the price jumped by almost 90%, followed by a strong correction. Now the token is again moving toward $0.09.
At the time of writing, ONG is around $0.086, and within the day it already traded above $0.088. Trading volume is over $100 million.
The reason for the interest is the Ontology MainNet update, which took place on August 21. Exchanges paused ONG deposits and withdrawals in advance for the network upgrade.
What interests me here isn’t the candle itself, but the fact that after such a pump, buyers come back again.
If ONG can hold above $0.09, the move could continue. But after a nearly 90% rise in a single day, the risk of a sharp pullback is very high.
#ONG #Ontology
