$ONG is highly volatile after a sharp August rally. Historical data shows $ONG surged from around $0.055 on Aug 18 to above $0.19 intraday on Aug 20–21, followed by a major correction toward the $0.07 area.
📊 Technical view
Current zone: ~$0.07–$0.10
Support: $0.070, then $0.060–$0.055
Resistance: $0.080–$0.090, then $0.105–$0.115
Bullish trigger: sustained breakout above $0.090–$0.10
Bearish trigger: loss of $0.070, which could expose ~$0.060.
Recent technical readings are mixed: one analysis showed increasing selling pressure and RSI around 43.8, while another reported stronger daily/weekly bullish readings.
Outlook: 🟡 Neutral / High Risk. ONG needs to reclaim $0.09–$0.10 with volume to confirm another bullish leg. Until then, sharp pullbacks remain possible.
Trading idea: Avoid chasing a spike; wait for a confirmed breakout or a controlled retest of support. This is technical analysis, not financial advice.
#Ong #SECSendsCryptoCustodyRuleToWhiteHouse #IranSaysHormuzOmanDealNotFinalized #XRPRallies44%InAWeek #levelsabovemagical
$ONG
📊 Technical view
Current zone: ~$0.07–$0.10
Support: $0.070, then $0.060–$0.055
Resistance: $0.080–$0.090, then $0.105–$0.115
Bullish trigger: sustained breakout above $0.090–$0.10
Bearish trigger: loss of $0.070, which could expose ~$0.060.
Recent technical readings are mixed: one analysis showed increasing selling pressure and RSI around 43.8, while another reported stronger daily/weekly bullish readings.
Outlook: 🟡 Neutral / High Risk. ONG needs to reclaim $0.09–$0.10 with volume to confirm another bullish leg. Until then, sharp pullbacks remain possible.
Trading idea: Avoid chasing a spike; wait for a confirmed breakout or a controlled retest of support. This is technical analysis, not financial advice.
#Ong #SECSendsCryptoCustodyRuleToWhiteHouse #IranSaysHormuzOmanDealNotFinalized #XRPRallies44%InAWeek #levelsabovemagical
$ONG