ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 2
- ONT/USD trade has relatively dominated by the bears' forces in the market.
- The selling pressure in the ONT/USD market may not get through lowering it further beyond a low mark at $1.20.
ONT/USD Medium-term Trend: Bearish
- Supply levels: $1.70, $1.90, $2.10
- Demand levels: $1.10, $0.90, $0.70
A relative price movement has been occurring in the market valuation of ONT/USD in the medium-term run of the market. On June 30, the pair closely eyed the current immediate supply level at $1.70 horizontal line. The crypto couldn’t put more energy to push past the level, hence the reason for the return of slight bearish trending move of the market.
The Bollinger Middle and the Lower Bands are a bit bent towards the south as the 50-day SMA indicator is located over them. Presently, the market has continued to push weakly down the trend-line of the Bollinger Lower Band around $1.30 mark. The Stochastic oscillators now consolidate at range 20.
The ONT/USD market’s bulls are now expected to start mustering their momentum around the $1.30 or a bit downwards to a low at the $1.10 first line of the market’s demand level.
ONT/USD Short-term Trend: Bearish
The market of Ontology has been under a slight falling pressure as paired with the US dollar. The present downward price movements have been spanned from yesterday’s bearish trend of the market.
The 50-day SMA indicator with the Bollinger Upper Band trend-line has been found at a near location around $1.40 mark. The Stochastic Oscillators have crossed within ranges 40 and 20 to seemingly begin a consolidation move.
The selling pressure in the ONT/USD market may not get through lowering it further beyond a low mark at $1.20. Meanwhile, the market trading zones may be maintained below or around the $1.40 point for a notable number of times.
Live Ontology (ONT) Price:
1 ONT/USD =$0.9672 change ~ -1.75%
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