- ONT token price action speared through the EMA Ribbon and showed solid strength above on intraday session.
- The volume of 24-hour is maintained in ONT at $666,886,274, with a drop of 15.29%
- The ONT/BTC currently values at 0.00003472, with a 4.72% up move
The 4-hour technical chart of ONT token price sustains at $1.93 projects a bullish momentum. According to pivot points, ONT’s pivotal support level is $1.70. While on the other hand, if it moves up, the critical resistance levels to watch are $2.06 & $2.58, which also acts as a breakout point in the coin. The intraday chart finishes a bullish engulfing candle projecting bulls in control of the asset price.
While looking at the Stochastic RSI (BEARISH) – Provides us with a value of K-22 (blue) intersects above D-14 (orange), Projecting a bearish scenario with a slight hope of trend reversal in the coin’s price action. Moreover, the investors may perceive a positive slant from 5 to 22 in the index.
The Moving Average (MA) Exponential Ribbon consists of 8-EMA, ranging from EMA 20-55, acts as solid support in ONT token. Investors may observe the ribbon is slowly expanding. The price spikes above the ribbon, so until the price remains sustains above the ribbon, a bullish trend in Ontology is ensured.
The volume of (14.52M) is above the Volume MA (13.26M) of 20-days. Massive buying pressure has begun in Ontology to drive its price to higher levels. Investors may also observe a declining volume from the past, which indicates that price action may give a breakout soon in future trading sessions.
ONT Token Price Remains Just $0.70 Away To Give A Breakout For Returns Upto 240%
ONT token price traded at $1.92 with a gain of 1.60% over recent 24-hour and an increase of 18.87% in the weekly period. Besides, ONT took support from the lower levels and showed signs of bullish sentiment. At the mark of $2.55, a breakout point may lead the coin to the moon in upcoming trading sessions.
Conversely, the market capitalization stands at $1.57 billion. Technically, investors can see a positive trend has begun, and the price is sustaining above the EMA Ribbon. The Stochastic RSI index features a positive slant and values in an oversold region currently, making the best entry point to trade in the coin. At last, the price movement can be towards the target price of $10.0 in future trading sessions.
Resistance: $10.0
Support: $1.70