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- As per the Ontology price prediction, the price of the ONT coin is trading at $0.20650.
- For the ONT price, the 52-week price bound range is $0.145208 – $10.92.
- The market capitalization of the ONT coin is $186614969 and the ONT coin price increased by 7.06% in the last 24 hours.
Ontology price prediction highlights that ONT coin is trying to sustain itself at the current level of $0.20650 to retest the hurdles above. This month the ONT coin price trend was bearish as the price was down by 10.16%. The ONT coin price underperformed this month. The ONT coin price has seen an increment in its price by 31.39% in the last six months which highlights its good performance. Moreover, the ONT coin price year-to-date return is positive with an increase of 31.39%.
Ontology Price Technical Analysis in 1-D Time Frame
Source: ONT/USD.1D.BITTREX by TradingView
On the day of publishing, the ONT price is trying to sustain itself at the current level on the 1D chart. The ONT price is trading below the 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading above the 20 & 50-day EMA which is acting as a support and pushing the ONT price trend upwards. There is a possibility that the worth of the ONT coin will increase even further in the forthcoming week if the bulls push the price up.
The MACD indicator summarizes the upward momentum of the ONT price. Also, the MACD indicator is in the positive zone above the zero line. The MACD line at -0.00175058 and signal line at -0.00668021 suggest that the MACD is in positive territory and is giving bearish signals.
The current value of RSI is 56.28 points. The 14 SMA line is currently close to the median line at 44.31 points which indicates bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment currently.
The technical parameters of the ONT price suggest the continuation of the uptrend over the daily time frame chart. The ONT coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the ONT coin.
Volume Analysis
The trading volume of ONT is $21,844,714 in the last 24 hours, indicating a -14.70% decrease from the last day and highlighting a recent fall in market activity. To spike the coin’s price the buyers must show interest.
Trendline Analysis
The price has respected its significant trendline forming a downward channel that recently gave a breakout from the trendline. The price is at the support zone. If the price breaks the resistance line, it will move upward toward the next resistance.
Extraction
Ontology price prediction highlights that the ONT coin is trying to sustain itself at the current level of $0.20650 to retest the hurdles above. The sentiments and perspectives of investors and traders regarding the ONT coin price are bullish in the 1D timeframe. The ONT price reflects an optimistic view at the time of publishing. The technical parameters for the ONT price indicate bullish pressure.
Technical Levels:
- The nearest support level is $0.14455.
- The nearest resistance level is $0.24248.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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