- The ONT crypto price has witnessed a decline in its trading volume.
- Ontology crypto has high liquidity based on its market cap.
Ontology is a blockchain platform facilitating dApps development and digital system integration via ONT and ONG tokens. Led by Jun Li, it employs smart contracts and identity solutions for secure data exchange. ONT serves various purposes, including staking and governance, while ONG pays for transaction fees. The platform targets diverse industries for collaboration.
The trading volume for the Ontology crypto has decreased 47.4% in the last 24 hours. This has resulted in a traded value of $119.632M, and the crypto volume ranking is #71, according to CoinMarketCap.
The crypto market cap has been declining over the last 24 hours and has witnessed a decline of 6.2%, after which the crypto market cap value is $351.239M. This further results in a volume/market cap ratio of 34.43%and a market cap dominance of 0.01%.
The circulating supply of the crypto is 875.249M ONT, which is 87.52%, followed by the maximum supply of the crypto at 1.0B ONT. Also, the total supply of the crypto is similar to its maximum supply, resulting in a fully diluted market cap of $402.061M.
The crypto volatility is also high, 12.11%, followed by a low supply inflation. The sentiment of the crypto is bullish, and the fear and greed index of the crypto is at 72, indicating greed.
Ontology Crypto Derivatives Analysis
The recorded long liquidation for the crypto is worth $474.06K, while the short liquidation is slightly lower, which results in $428.93K. This further results in a long/short ratio of 0.9763.
The trading volume of crypto derivatives has decreased by 37.02% in the last 24 hours. This results in a traded value of $506.15M. The open interest of the crypto further has witnessed a decline of 13.2%.
Twitter (X) Followers Vs. Social Dominance
The Twitter (X) followers for the Ontology crypto page are consistently advancing, but this has resulted in no change in the social dominance of crypto.
ONT Crypto Technical Analysis
The ONT crypto price is trading inside the expanding wedge pattern, and the crypto price has been consistently advancing over the last few months. The crypto price has hit the upper band of the wedge pattern further.
The candlestick further formed on the chart indicates bears dominance, and the crypto price slips towards the lower band of the wedge pattern.
ONT/USD Chart by TradingView
The crucial EMAs on the daily chart of the ONT crypto are trading in a golden cross, and the price of the crypto is also trading above the 20,50 and the 200-day EMA. This further shows a strong uptrend in the trading price of the crypto.
The MACD has also advanced above the zero level, followed by the rise in the signal line. Also, the following metrics trade in a bullish cross and the histogram formed on the charts are bullish.
The RSI also indicates strength in the crypto trend and is trading at 56.19. It has broken above the 14-day SMA and is following a bullish cycle.
Summary
ONT crypto faces a decline in trading volume but retains high liquidity. Its market cap has decreased by 6.2%, trading at $351.239M, with 87.52% of ONT in circulation. Despite high volatility, sentiment remains bullish, with a fear and greed index at 72. Technical analysis shows a strong uptrend, supported by EMAs and MACD indicators.
Technical Levels:
- Support levels: $0.2070 and $0.2650
- Resistance levels: $0.5170 and $0.10
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.