ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 18


  • The short and medium-term outlook is in the uptrend.
  • Responsible buying at pullback area may be considered.

ONT/USD Medium-term Trend: Bullish

Supply zones: $2.00, $2.50, $3.00
Demand zones: $0.80, $0.60, $0.40

ONTOLOGY is in the uptrend in the medium-term outlook. Attaining the target at $0.9000 on 15th July and a further drop in the cryptocurrency price to $0.7640 in the demand area, gave the bears market dominance.

The momentum was lost after several attempts by the bear to pushed further were rejected. It was a key demand area that was also tested on 5th March before the bullish rally.

The bulls are gradually in control with the bullish spinning top formed after yesterday opening at $0.7937. ONTUSD rose to $0.8947 before the end of the session. Today’s session opened with a bullish engulfing candle at $0.8449 on a bullish note with $0.9908 in the supply area already attained.

Price is above the 10-EMA and the signal of the stochastic oscillator points up at 73% which implies upward momentum in price in the medium-term with minor correction as the bulls journey up north.

ONT/USD Short-term Trend: Bullish

ONTUSD is in a bullish trend in the short-term outlook. The bulls resume the momentum at $0.8255 after the correction shortly after today’s opening session. The coin rose to $0.9906 in the supply area before momentum loss as the bears' return for another correction.

The bears may push the coin to $0.8000 at the 50-EMA which is at the trendline. This was confirmed by the signal of the stochastic oscillator pointing down at %, which implies downward momentum before exhaustion. A bounce to the upside is most expected each touch on the line.

$0.1000 in the supply area is the bulls target in the short-term.

Live Ontology (ONT) Price:

1 ONT/USD =$1.8066 change ~ -2.00%

Coin Market Cap

$1.46 Billion

24 Hour Volume

$150.06 Million

24 Hour VWAP

$2

24 Hour Change

$-0.04

 

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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