ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 1
- ONT/USD has been dropping in a range as at the time of writing.
- If the ONT/USD market's bulls break past $1.45 and keep a hold over it, then, that could mean a signal to end bearish sentiments of the market.
ONT/USD Medium-term Trend: Ranging
- Resistance levels: $1.70, $1.80, $1.90
- Support levels: $1.20, $1.10, $1
There have been rises and falls in the market worth of ONT/USD over a couple of trading days in the medium-term run. In the course of moving upwards, the pair swung to the north as it briefly broke past an upper range mark at $1.60 price level of the market on June 30.
As at the present, the crypto-trade has been hovering around a lower range point at $1.40. The Bollinger Upper Band and the 50-day SMA are closely found around the $1.60 upper range spot. The Stochastic Oscillators have been very tightly consolidating around range line at 20.
The ONT/USD market may have to undergo some level of choppy price movements around its current range spots at the $1.50 median mark and the $1.40 lower for a while.
ONT/USD Short-term Trend: Ranging
The ONT/USD short-term market’s trend today has been featuring lower lows than lower highs around ranges at $1.50, $1.45, and $1.40 marks. Yesterday’s trend witnessed a significant drawdown in the pair’s valuation from a high point at $1.66 or thereabout to closely average a low point at $1.40 mark.
The 50-day SMA indicator has been found conjoined with the Bollinger upper Band. Presently, the market has been fluctuating around the trend-line of the Bollinger Lower Band. The stochastic Oscillators now slightly point south.
The bulls need to break past $1.45 mark and keep the energy above it to suggest the possibility of full return of a bullish trend.
Live Ontology (ONT) Price:
1 ONT/USD =$0.5836 change ~ -21.77%
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