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Ontology Price Analysis: ONT Crypto Oscillators Indicate Bullish Signal

  • ONT crypto is in an uptrend at 2.6% during the intraday trading session.
  • The 24-hour trading volume is at $208 million.
  • ONT/BTC pair is trading positive by 0.5% at 0.00002286 BTC.

The daily technical chart of ONT crypto price action displays an uptrend. According to the pivot levels, the primary support level is $1.05. On the other side, if it rushes up, the resistance level to follow is $1.30. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.

The Zig-Zag framed a top of $2.95 on May 07. After that, investors can notice a massive correction of 83%, all the way low to $0.50. Now price levels are back around the range of $1.0 this week. 

The volume of (14.95M) is below the MA of 20-days (30.44M). As a result, the volume is moderate, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session. 

The RSI indicator gave a (bullish) signal with 68, projecting a buy signal in the coin. Investors may observe an inclining slope from 58 to 68. It may surge in future trading sessions.

Ontology (ONT) Crypto Expecting $1.30 in Short Term

Today’s Ontology price is $1.15, and the 24-hour trading volume is $208,679,861. The price of ONT has increased by 2.6% in the past 24 hours. The circulation of ONT coins is 880 million, with a total of 1 billion. The RSI indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price breaks the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $1.30

Support Level: $1.05

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.