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#ONT/USDT ANALYSIS


ONT is currently consolidating within a "falling wedge" pattern and has recently bounced off the support line of this formation. The Ichimoku cloud acts as resistance and coincides with the upper boundary of the wedge.
A breakout above both the wedge and the cloud will confirm a possible bullish reversal. It is recommended to closely monitor the price movement for a breakout or a pullback.
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