Market Overview for Ontology Gas/Tether (ONGUSDT) – 2025-10-10

• ONGUSDT saw a 24-hour range of 0.1418–0.1502 with a bullish close near 0.1494.
• Strong volume expansion occurred in the early session, with a pullback in turnover after 15:00 ET.
• RSI remains in neutral territory (45–55), suggesting no immediate overbought/oversold signals.
• Bollinger Bands show moderate expansion, with price trading above the midline in the latter half of the day.
• Fibonacci retracements highlight a 61.8% level near 0.1478 as a key support during the consolidation phase.

The 24-hour session for Ontology Gas/Tether (ONGUSDT) opened at 0.1455 on 2025-10-09 12:00 ET and closed at 0.1494 on 2025-10-10 12:00 ET, reaching a high of 0.1502 and a low of 0.1418. Total volume traded over the period was 7,147,843.0, with a notional turnover of approximately $1,069,133.97. The pair demonstrated a volatile but ultimately bullish bias, with a clear consolidation phase in the late hours.

In terms of Structure & Formations, the pair formed a bullish engulfing pattern around 22:15–22:30 ET, breaking above prior resistance and confirming a shift in sentiment. A doji appeared at 03:15 ET during the midday pullback, signaling indecision. Key support levels were observed at 0.1478, 0.1461, and 0.145, while resistance levels emerged at 0.1496 and 0.1501. These levels will be critical to monitor for trend confirmation or reversal in the next 24 hours.

Moving averages on the 15-minute chart showed the price crossing above the 20-period line during the afternoon, reinforcing the short-term bullish momentum. On the daily chart, the 50-period MA was near 0.1475, suggesting a potential confluence area with the 61.8% Fibonacci retracement level, which could act as a pivot point in the near term.

The MACD showed a positive divergence after 03:00 ET, aligning with the bullish price action. RSI hovered in the 45–55 range for most of the session, indicating no immediate overbought or oversold conditions. Bollinger Bands expanded during the morning session, with price staying above the midline for most of the day, suggesting moderate volatility. A contraction in the band width after 15:00 ET could hint at an impending break, either up or down.

Volume and turnover showed a strong early-morning spike during the 03:30–04:00 ET period, with volume exceeding 100,000 and turnover peaking at $14,850. After this, both metrics declined as the price entered a consolidation phase. The divergence between price and turnover during the pullback suggests caution in the market, with traders likely waiting for a breakout confirmation.

Fibonacci retracement levels applied to the recent 15-minute swing from 0.1447 to 0.1501 showed that the price pulled back to the 61.8% level at 0.1478 before rebounding. This level appears to have acted as a strong support, with the price bouncing off it multiple times. On the daily chart, the 61.8% level near 0.1478 also aligned with the 50-period MA, reinforcing its significance.