- ONT coin price is currently in a consolidation phase and can hit a low of $0.5 in the future. It is trading with a loss of 1.5% in the intraday session.
- Technical indicators for the ONT coin suggests a downtrend for upcoming weeks. In contrast, ONT/BTC pair is on an uptrend with a gain of more than 1.8%
Why Invest In ONT Coin?
ONT coin price is currently in a consolidation phase and is trading near the value of $0.69.The coin price has seen a loss of more than 1.5% in the intraday session. Ontology has a negative ROI which has holded the investors back in investing in the coin. Ontology offers its users a number of use cases which includes allowing businesses to build their own blockchain on top of the ONT platform. They allow businesses more flexibility which allows them to create customized blockchains for the security purposes and their governance. Li jun formed this project in 2018. ONT platform offers a variety of cross-chain collaboration and Layer 2 scalability, for businesses and enterprises. The asset price has reached $10 and stayed there for some time after being listed on Binance . ONT coin price is currently in a downtrend and can soon revert back to normal. One can wait for the price action before diving into the ONT.
Ontology is currently ranked 96th in the CMC with the market capitalization of more than $691,441,894. The volume of the coin has seen a decrease of 0.6% in the past 24 hours. Volume to market capitalization ratio of the coin suggests a downtrend for upcoming days.
Technical Indicators Suggests The Start Of Bullish Momentum For ONT Coin Price
The weekly technical chart of Ontology hints at the downtrend for upcoming days. On the daily chart, the price is currently observing a consolidated momentum. Ontology resistance on the upside can be observed near $1. The support region for the price on the downside can be observed near $0.3. The price is currently trading below the 50 and 10 Daily Moving Average. One can expect a reversal in the ONT trend in the future.
Conclusion
ONT coin price has remained profitable for investors in the past and can be the same in future. ONT/BTC pair can see a strong upside momentum in the future. One should do their due diligence before investing in the project.
Technical Levels
Major Support:$0.3
Major Resistance:$1