💎 ONT has certainly made its presence felt in the cryptocurrency market. Currently, ONT is breaking out of the key resistance level in the accumulation phase.
💎 This bullish momentum suggests that ONT may continue its upward movement, potentially reaching our target area.
💎 However, if ONT retreats into the accumulation phase by breaking below the support area, it could indicate a false breakout. In this scenario, the price might reverse and head downward, targeting the bullish OB area around 0.0328.
💎 In the event of a retreat to the support area, it's crucial for ONT to bounce decisively and reclaim the area above the resistance level to resume its bullish trend. Failure to do so could result in further downward movement, possibly reaching the strong support area.