Altcoin Update: ONT Analysis This week ONT has been trading | MYC Signals

Altcoin Update: ONT Analysis

This week ONT has been trading right in the middle of the 50 and 200 MAs on the 4-hour chart. And over the past one week, it’s up over 16% bouncing off its 10-week support, and breaking back above the 200-day MA. This signals a possible end to the bear run that began in early April.

That, combined with a series of partnerships announced over the last two weeks, we’re bullish on ONT in the medium term, with our entry just above 0.23. However, a drop below the 200-day MA could push it to 5-month lows.

These are our key levels

R1 0.23
R2 0.245
R3 0.26
R4 0.275

S1 0.21
S2 0.195
S3 0.18
S4 0.165

https://www.tradingview.com/x/vgT4DwfU/