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    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 =$0.3590 change ~ -0.41%

    Coin Market Cap

    $230.83 Million

    24 Hour Volume

    $7.87 Million

    24 Hour VWAP

    $0

    24 Hour Change

    $-0.0015

     

    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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    Avatar
    Azeez Mustapha
    Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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