Bithumb Network Upgrade: ONT, ONG, and MBL Services Temporarily Paused
Bithumb Network Upgrade Announcement: Bithumb, a leading South Korean cryptocurrency exchange, will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG), and MovieBloc (MBL) starting December 1st at 4:30 a.m. UTC due to a network upgrade aimed at enhancing security and efficiency.
Impact on Trading Activities: During the upgrade, traders can still monitor their portfolio balances, execute trades on the spot market, and access other cryptocurrency pairs, but they must complete any pending transfers for the affected tokens before the suspension.
Purpose of the Upgrade: The network upgrade is designed to improve transaction speeds, enhance security features, and ensure better scalability, reflecting Bithumb's proactive approach to maintaining a reliable trading platform.
User Preparation and Communication: Traders are advised to prepare for the service suspension by ensuring sufficient trading balances and monitoring official announcements, as normal services will resume after the maintenance is completed.
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Technical Analysis for ONG
Technical Sentiment Analysis for Ontology Gas (ONG) As of , Ontology Gas (ONG) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONG stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ONG is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ontology Gas (ONG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.028 | 0.0416 | 0.0553 | 0.0689 | 0.0826 | 0.0962 | 0.11 |
| Fibonacci | 0.0416 | 0.052 | 0.0585 | 0.0689 | 0.0793 | 0.0858 | 0.0962 |
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