19:18
Thoughts on #ONT#:
$ONT has lost its key ascending trendline support on the daily chart, now trading around 0.1348. This breakdown puts pressure on the bullish structure, especially as $ONT also sits below both the 9 EMA (0.1408) and 50 SMA (0.1423).
If $ONT fails to reclaim the broken trendline quickly, downside risk extends toward 0.125–0.120 next. A recovery and close back above 0.142 would be needed to negate the breakdown and restore momentum. Until then, caution is warranted as the bias tilts bearish in the short term.
ONT-4.84%