ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 23
- ONT/USD trade operations are in ranges of $1.10 and $0.90 price levels.
- A break of the Bollinger Middle Band to the northward will put the downward move in the short run to an end for sometimes.
ONT/USD Medium-term Trend: Ranging
- Supply levels: $1.20, $1.30, $1.40
- Demand levels: $0.80, $0.70, $0.60
The market operations between ONTOLOGY and the USD have continued to produce more range price movements around $1.10 and $0.90 levels. As at present, the crypto has succumbed to slight downward pressures towards the $0.90 lower choppy spot of the market.
The Bollinger Bands, are of a more pointing to north-east direction suggesting that the crypto-market will still go through more range movements. The 50-day SMA is a bit over the $0.90 lower range spot. The Stochastic Oscillators are of a slight consolidating at range 20.
It has become apparent that the $0.90 mark is now a key trading point in this crypto-market. Its forceful breaking downward could allow the bears to move through demand levels beyond its last low of $0.80 achieved on July 17.
ONT/USD Short-term Trend: Bearish
A slight downward move has been recorded today in the ONT/USD short-term run. The market began its relative falling underneath the sell signal line of the Bollinger Middle Band trend-line. All the trading indicators point to the south to suggest that downward price move is in the market. The Stochastic Oscillators have briefly crossed below range 40.
To a reasonable extent, the bears gain an advantage in this crypto-market at the expense of the bulls’ weaknesses in the short run. If the market reverses against its Bollinger Lower Band to break the Bollinger Middle Band northward, then, the bearish market will be put to an end for sometimes.
Live Ontology (ONT) Price:
1 ONT/USD =$2.7032 change ~ 29.02%
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