ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – July 25
- The short and medium-term outlook is in the uptrend.
- Traders may look to buy at key supply areas turned demand areas.
ONT/USD Medium-term Trend: Bullish
Supply zones: $2.00, $2.50, $3.00
Demand zones: $1.00, $0.80, $0.60
ONTOLOGY is in the uptrend in the medium-term outlook. The bulls confirmed the rally after the breakout at the resistance of the two EMAs with a large bullish candle at $0.9395 during yesterday session and closed at $1.0198. Increased bullish momentum further lifted the cryptocurrency price to $1.0391 in the supply area before the end of the day.
The 4-hour opening candle at $1.0251 sustained the rally with price up at $1.0742 shortly after opening. With price above the two EMAs crossover, the journey up north may have begun with $1.1000 in the supply area as the initial target.
The signal of the stochastic oscillator points up at 76% which implies upward momentum in price in the medium-term although minor correction as the bears stage a brief comeback 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 sustained the momentum during yesterday session with a large bullish engulfing candle breaking the upper supply area of the range.
ONTUSD rose initially to $1.0198 and thereafter to $1.0391 in the supply area before the end of yesterday session.
The market opened on a bullish note at $1.0205. Increased momentum pushed the coin to $1.0198 in the supply area shortly after opening.
Minor correction may occur as the bears' price drops to key support area at the 10 or 50 EMA before the bulls resume continuation.
$0.10800 in the supply area is the bulls target in the short-term.
Live Ontology (ONT) Price:
1 ONT/USD =$0.7293 change ~ 1.03%
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