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

Summary

• Price declined from 0.1112 to 0.1075 over 24 hours, signaling bearish momentum.
• Volatility increased with price fluctuating within 0.1070–0.1121 range.
• Volume peaked near close but failed to confirm a strong reversal.
• MACD and RSI show oversold conditions, suggesting potential bounce.
• Bollinger Bands show expansion, indicating heightened volatility.

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

Ontology Gas/Tether (ONGUSDT) opened at 0.1109 on November 9 at 12:00 ET, reached a high of 0.1121, touched a low of 0.1070, and closed at 0.1075 at 12:00 ET on November 10. The 24-hour volume totaled 3,411,087.0, with a notional turnover of approximately $363,759.05. Price action shows a bearish trend but faces key support levels that could trigger a short-term rebound.

On the 15-minute chart, ONGUSDT formed a bearish engulfing pattern late in the session, confirming a reversal from a brief rally. Support is visible at the 0.1093–0.1075 range, with a prior rejection of the 0.1090 level suggesting it may hold. Resistance levels appear at 0.1105 and 0.1114. A long lower shadow at the session close indicates some buying interest, but the overall structure remains bearish.

The 20-period EMA currently sits around 0.1108, and the 50-period EMA at 0.1111, placing the current close below both, reinforcing a short-term bearish bias. On the daily chart, the 50/100/200 EMAs show a bearish alignment, with the price below all three. This suggests that the pair is in a downtrend, with a continuation likely if the 0.1075 level breaks.

MACD & RSI

The 15-minute MACD histogram has turned negative, with the line crossing below the signal line, indicating a loss of bullish momentum. The RSI has dipped into oversold territory, below 30, with a reading of 28 at the close, suggesting a potential bounce. However, RSI overbought levels were reached earlier in the session, showing that buyers were unable to sustain strength. This divergence between RSI and price may indicate an exhaustion of the bearish move or a false signal, warranting caution for the next 24 hours.

A moderate RSI divergence was observed at the session low—price hit a new 24-hour low, but RSI only reached a modest new low. This could hint at a near-term reversal, although volume was relatively weak during the session low.

Bollinger Bands

Bollinger Bands have widened, indicating increased volatility. At the close, the price was near the lower band, a classic bearish sign. A move back toward the middle band would indicate a possible reversal. The upper band sits at approximately 0.1115, a critical resistance zone. A close above this could signal a shift in momentum, but it would need to be confirmed with higher volume.

Volume & Turnover

Volume spiked near the session’s end, with the final 15-minute candle showing 117,965 units traded, compared to an average of 100,000 in the prior 60 minutes. However, the price closed near the bottom of the candle, indicating that the increased volume failed to confirm strength. The total notional turnover of ~$363k is moderate for this asset, and divergences between price and volume could suggest caution in interpreting the final candle’s significance.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (0.1121 to 0.1070), the 38.2% retracement level is at 0.1098, which has shown resistance multiple times today. The 61.8% level is at 0.1114, which may provide near-term support or act as a key pivot point. On the daily chart, the 61.8% retracement of the broader downtrend lies near 0.1088, which is being tested currently and may serve as a temporary floor.

Backtest Hypothesis

The RSI Oversold 7-Day Hold strategy has shown mixed performance over the past 4 years, with a total return of 39.1% and an annualized return of ~10.9%. While the strategy has a favorable win rate of ~57%, the maximum drawdown of -45.9% highlights the risks involved, especially in volatile assets like ONGUSDT. Given the current RSI reading near oversold levels, the strategy may trigger an entry if the 0.1075–0.1090 range holds. However, the moderate Sharpe ratio of 0.35 indicates that adding stop-loss or trend-filter rules could enhance risk-adjusted returns. The next few days will be critical for confirming whether this bounce is meaningful or temporary.