ONG SLIDES INTO SUPPORT ZONE 📉⚠️
The $ONG price ripped through the $0.10172 mid‑range order block early in the session, unleashing a wave of bearish momentum that has now pulled the asset down 16.9% in 24 hours. Large desks appear to be draining liquidity from the upper band, feeding a sharp sell‑off that aligns with a broader macro‑level asset accumulation shift across the altcoin sector 😧. Volume remains robust at $64 M, suggesting the down‑trend is institutionally backed rather than a fleeting retail panic ⚡.
Current price action is testing the $0.09175 support zone, a level that has held briefly during the previous correction. A clean break below this threshold could signal a structural breakdown, while a rebound and hold would hint at a healthy correction and a possible pivot toward the $0.10172 mid‑range. The nearby resistance cluster near $0.11160 still looms, but it remains out of reach unless momentum reverses sharply.
Levels to monitor:
Watching support around $0.09175
Structure suggests resistance near $0.11160
Mid range area: $0.10172
DYOR
Follow for Updates
#ONG #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $ONG price ripped through the $0.10172 mid‑range order block early in the session, unleashing a wave of bearish momentum that has now pulled the asset down 16.9% in 24 hours. Large desks appear to be draining liquidity from the upper band, feeding a sharp sell‑off that aligns with a broader macro‑level asset accumulation shift across the altcoin sector 😧. Volume remains robust at $64 M, suggesting the down‑trend is institutionally backed rather than a fleeting retail panic ⚡.
Current price action is testing the $0.09175 support zone, a level that has held briefly during the previous correction. A clean break below this threshold could signal a structural breakdown, while a rebound and hold would hint at a healthy correction and a possible pivot toward the $0.10172 mid‑range. The nearby resistance cluster near $0.11160 still looms, but it remains out of reach unless momentum reverses sharply.
Levels to monitor:
Watching support around $0.09175
Structure suggests resistance near $0.11160
Mid range area: $0.10172
DYOR
Follow for Updates
#ONG #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare