9 reactions
ONT CHART WATCH 👀: Support Test or Downtrend Deep Dive? 🌊
#ONT price dipped below its previous support level at $0.315-$0.327 and is currently retesting it. While this could be a potential buying opportunity, caution is advised.🟩
The overall trend for $ONT remains slightly #bearish suggesting a potential deeper decline. Waiting for a clear price reversal or a confirmed break above resistance ($0.375-$0.39) might be a safer entry point.
Here's a breakdown:
Support: $0.315 - $0.327
Resistance: $0.375 - $0.39
#ONT price dipped below its previous support level at $0.315-$0.327 and is currently retesting it. While this could be a potential buying opportunity, caution is advised.🟩
The overall trend for $ONT remains slightly #bearish suggesting a potential deeper decline. Waiting for a clear price reversal or a confirmed break above resistance ($0.375-$0.39) might be a safer entry point.
Here's a breakdown:
Support: $0.315 - $0.327
Resistance: $0.375 - $0.39
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3 reactions
BCH experienced a strong bearish movement despite the overall positive sentiment in the cryptocurrency market.
- The resurfacing of a Bitcoin mega whale and JPMorgan's bearish price expectations for BTC might have caused a ripple effect leading to the bearish movement in BCH.
- Mentioning Bitcoin Cash soaring 40% earlier in the week could have attracted profit-taking activities, contributing to the bearish movement.
- While Bitcoin touched new all-time highs, the focus on other altcoins for higher profits could have diverted attention and investment away from BCH, leading to its bearish movement.
#bch
#HODLER
#bearish
- The resurfacing of a Bitcoin mega whale and JPMorgan's bearish price expectations for BTC might have caused a ripple effect leading to the bearish movement in BCH.
- Mentioning Bitcoin Cash soaring 40% earlier in the week could have attracted profit-taking activities, contributing to the bearish movement.
- While Bitcoin touched new all-time highs, the focus on other altcoins for higher profits could have diverted attention and investment away from BCH, leading to its bearish movement.
#bch
#HODLER
#bearish
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