ONG 300% Gain: Can the Bull Run Break Past Resistance or Stall
ONG has been on a tear since September 2023, with its price rocketing a staggering 300%. This impressive run has traders and investors wondering if the momentum will continue or if the rally is about to hit a wall.
ONG on a rollercoaster ride in a monthly chart timeframe.
The current hurdle for ONG is a monthly resistance level at $0.60. A breakout above this point could propel the price towards its previous all-time high of $1.30, marking a significant milestone for the token.
However, if the bulls fail to overcome the $0.60 resistance, a pullback could occur. The next potential support level lies at $0.30. This area could act as a buffer zone, preventing a more dramatic decline.
ONG on a rollercoaster ride in a monthly chart timeframe.
The current hurdle for ONG is a monthly resistance level at $0.60. A breakout above this point could propel the price towards its previous all-time high of $1.30, marking a significant milestone for the token.
However, if the bulls fail to overcome the $0.60 resistance, a pullback could occur. The next potential support level lies at $0.30. This area could act as a buffer zone, preventing a more dramatic decline.