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Summary
• Price tested 0.0913-0.0936 range, with 0.0913 support and 0.0936 resistance showing strength.
• Volume spiked during a 0.0936–0.094 high, confirming bullish momentum.
• RSI remained in neutral territory, suggesting no extreme overbought/oversold conditions.
• Price closed near 0.0920, showing consolidation after an early morning rebound.
Ontology Gas/Tether (ONGUSDT) opened at 0.0921 on 2026-01-06 12:00 ET, peaked at 0.094, and closed at 0.092 on 2026-01-07 12:00 ET, with a low of 0.0893. Total volume was 5,196,695.0 and turnover reached $471,477.15.
Structure & Formations
ONGUSDT showed a key resistance at 0.0936 and a strong support near 0.0913, with several bullish and bearish engulfing patterns forming around these levels. A notable bearish engulfing pattern emerged after a short-term high at 0.094, suggesting traders may pause before further upward moves.
Moving Averages
On the 5-minute chart, price fluctuated above and below the 20-period and 50-period moving averages, indicating no strong trend. The daily chart showed price below the 200-period MA, suggesting a bearish bias for larger timeframes.
MACD & RSI
MACD remained flat through most of the session, with a small positive crossover before the morning high. RSI stayed between 40 and 60, showing no overbought or oversold conditions. Momentum was strongest during the 0.0936–0.094 rally, with confirmation from rising volume.
Bollinger Bands
Price remained within the Bollinger Bands for much of the session, with a brief expansion during the 0.0936–0.094 high. The bands constricted before this move, suggesting traders may have anticipated a breakout.
Volume & Turnover
Volume spiked during the 0.0936–0.094 high, with a large candle confirming the move. Turnover followed a similar pattern, showing strong conviction in the rally. However, volume declined after the 0.094 high, indicating potential profit-taking and reduced conviction for further bullish bets.
Fibonacci Retracements
Fibonacci levels highlighted potential areas of interest following the 0.0893–0.094 range, with 0.0926 (38.2%) and 0.0916 (61.8%) showing notable support. Price found a brief pause at both levels during consolidation.
Traders may watch for a test of the 0.0913 support level and a potential rebound from the 0.0926 level in the next 24 hours. A break below 0.0913 could signal renewed bearish momentum. As always, keep a close eye on volume to assess the strength of any move.
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