Ontology Price Prediction Today: Daily (ONT) Value Forecast – June 3
- ONT/USD market appears to have been under selling pressure as at present.
- The ONT/USD trade may keep falling at a low pace, therefore, the bulls may have to wait for a strong pull-up around the Bollinger Lower Band trend-line to suggest their potential coming back in the market.
ONT/USD Medium-term Trend: Bearish
- Resistance levels: $1.70, $1.80, $1.90
- Support levels: $1.20, $1.10, $1
There has been a level selling pressure in the trade between Ontology and the US dollar price valuation. The pair started falling gradually after it recorded a high point of around $1.70 on May 30.
Notably, the pair also experienced a line of range price movements prior to pushing past the 50-day SMA indicator to the south. Presently, the market has now found a sit around the trend-line of the Bollinger Lower Band. The Stochastic Oscillators have slightly touched past range 20 into the oversold zone.
The ONT/USD market may have to experience another chain of range price movements before the emergence of significant price action. This crypto-trade now seems losing out value to the bears as its sell set-up has been presumed to be between $1.60 and $1.50 price levels.
ONT/USD Short-term Trend: Bearish
The ONT/USD has also been in a relatively bearish moving outlook today. Yesterday, trading sessions of the market also saw a degree of short declines, but at upper trading, lines compared to the current.
As at the time of writing, the market has been moving along with the Bollinger Lower Band trend-line to the south. The Stochastic Oscillators are found consolidating around range 20.
The bears' momentum in this market is still intact, but may not have a full force while the 50-day SMA was around $1.50 mark. Therefore, a pull-up is needed around the Bollinger Lower Band to signify a probable end of the bears’ current effect in the market
Live Ontology (ONT) Price:
1 ONT/USD =$0.9369 change ~ -10.95%
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