ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 11


  • The bears are in control of the short and medium-term outlook.
  • Responsible selling at key areas with bearish candlesticks as confirmation.

ONT/USD Medium-term Trend: Bearish

Supply zones: $2.00, $2.50, $3.00
Demand zones: $1.00, $0.80, $0.60

ONTOLOGY is in a downtrend in the medium-term outlook. The strong pressure exercised by the bears on the coin led to the breakdown at $1.30 in the lower demand area of the range during yesterday session. Price dropped to $1.13 as the low of the day with minor correction by the bulls stage a minor comeback and pushed the coin up to $1.25 in the supply area.

Today’s session opened on a bearish note with $1.23 as the opening price. The cryptocurrency plunges to $0.9863 in the demand area with increased bears momentum.
Minor correction may occur as it happened yesterday. This should be taken as a market correction and a confirmation of the bearish continuation in the medium-term.

Price is below the two EMAs that are fanned apart which connotes strength in the trend while the signal of the stochastic oscillator points down at 21% which suggest downward momentum.

ONT/USD Short-term Trend: Bearish

ONTUSD continues in a downtrend in the short-term outlook. The bears resumed the downward movement at the 23.6 fibs, a trend continuation zone during yesterday session. $1.13 in the demand area was the point of further downward movement in price as the bears' temporal loss in momentum.

Today’s 1-hour opening candle at $1.22 was a hammer with the bears taking over the market. ONTUSD fell to $0.9912 in the demand area.
The bulls area are currently in control of the market as confirmed by the signal of the stochastic oscillator which points up at 35% which suggest upward momentum in the short-term.

This may get the coin up to $1.13 around the 10-EMA which has been a strong resistance against upward price movement. This will create a bearish flag before the bears' resumption of the downward journey.

Live Ontology (ONT) Price:

1 ONT/USD =$2.0491 change ~ -0.29%

Coin Market Cap

$1.68 Billion

24 Hour Volume

$517.23 Million

24 Hour VWAP

$2

24 Hour Change

$-0.01

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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