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Summary
• Price opened at $0.0863 and closed near $0.0874, consolidating within a $0.0862–$0.0960 range.
• A sharp 5-minute bullish engulfing pattern appeared near $0.0883, hinting at short-term bullish momentum.
• Volume surged at $0.0960, but price failed to hold above $0.0900, suggesting resistance.
• RSI showed mild overbought conditions near $0.0960, but no clear divergence with price.
• Bollinger Bands expanded in the morning before contracting, signaling a potential range-bound setup.
Ontology Gas/Tether (ONGUSDT) opened at $0.0863 on 2025-12-28 at 12:00 ET − 1, reached a high of $0.0960, dipped to a low of $0.0862, and closed at $0.0874 by 12:00 ET. The 24-hour volume amounted to 4.94 million, with total turnover of approximately $435,460.
Structure & Formations

Moving Averages and Fibonacci Retracements
A 20-period and 50-period moving average on the 5-minute chart crossed near $0.0880, signaling a potential short-term bullish bias. The 61.8% Fibonacci retracement level of the recent upswing sits at $0.0893, which has shown repeated rejection, reinforcing its role as a key overhead hurdle. The 38.2% level at $0.0877 acted as a minor pivot in the afternoon.
Momentum and Volatility Metrics
The RSI reached 65 near the session’s high of $0.0960, indicating overbought conditions, although no bearish divergence formed. MACD remained positive throughout the morning but flattened by midday, suggesting weakening momentum. Bollinger Bands expanded in the early hours, then contracted in the late morning, pointing to a possible consolidation phase ahead.
Volume and Turnover Dynamics
Volume surged to 503,127 units at the $0.0960 peak, but the corresponding turnover of $45,120 failed to confirm a strong breakout. A divergence between price and turnover became evident during the afternoon pullback, where turnover dropped despite a steady volume. This could hint at a shift in conviction among traders.
ONGUSDT may continue to test $0.0900–$0.0960 over the next 24 hours, with a possible retest of key support at $0.0862. However, traders should remain cautious of a potential false break or a shift to range trading if volume remains subdued.
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