ONG CRASHES THROUGH ORDER BLOCK 📉⚠️
$ONG erupted from its 24‑hour high of $0.22887 and plunged to a fresh low of $0.10316, now trading at $0.13127 – a 17.38% drop in a single session 😬. The move ripped through the $0.16601 mid‑range order block, converting a prior demand zone into aggressive supply. Futures volume surged past $644 M, a clear sign that large desks are unloading positions. Momentum indicators have turned sharply negative, suggesting the sell‑off is driven more by order‑block breach than a routine pullback 📉.
The $0.10368 support corridor is now under pressure, with price testing the lower edge of the zone ⚠️. Holding this level could reframe the move as a deep but orderly correction, yet every tick below $0.10368 would expose $ONG to a cascade of lower liquidity pools and open the path toward $0.09000. The distant $0.22773 resistance remains out of reach, reinforcing the view that the structure is in a bearish phase rather than a temporary wobble 🔻.
Levels to monitor:
Watching support around $0.10368
Structure suggests resistance near $0.22773
Mid range area: $0.16601
DYOR
Follow for Updates
#ONG #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$ONG erupted from its 24‑hour high of $0.22887 and plunged to a fresh low of $0.10316, now trading at $0.13127 – a 17.38% drop in a single session 😬. The move ripped through the $0.16601 mid‑range order block, converting a prior demand zone into aggressive supply. Futures volume surged past $644 M, a clear sign that large desks are unloading positions. Momentum indicators have turned sharply negative, suggesting the sell‑off is driven more by order‑block breach than a routine pullback 📉.
The $0.10368 support corridor is now under pressure, with price testing the lower edge of the zone ⚠️. Holding this level could reframe the move as a deep but orderly correction, yet every tick below $0.10368 would expose $ONG to a cascade of lower liquidity pools and open the path toward $0.09000. The distant $0.22773 resistance remains out of reach, reinforcing the view that the structure is in a bearish phase rather than a temporary wobble 🔻.
Levels to monitor:
Watching support around $0.10368
Structure suggests resistance near $0.22773
Mid range area: $0.16601
DYOR
Follow for Updates
#ONG #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare