ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – June 17
- There are indications that the bulls may still hold the ONT/USD market line until price severally touches around resistances around $1.55 and $1.60 marks.
- The bears may soon find a stance in the ONT/USD market while a full form of a sell set-up takes effect.
ONT/USD Medium-term Trend: Ranging
- Resistance levels: $1.70, $1.80, $1.90
- Support levels: $1.30, $1.20, $1.10
ONT/USD market has been making a notable record of higher highs than higher lows in its price movements over a few days back until now. The pair’s market movements have been featuring around the Bollinger Middle and Upper Bands.
Presently, the crypto’s price has been hovering around the Bollinger Upper Band’s trend-line. The 50-day SMA is a bit located below the Bollinger Middle band a bit over the lower range mark at $1.40. The Stochastic Oscillators have slightly opened hairs at range 60. And, they point to the north.
The bulls in the ONT/USD market now appear to move price further in a slow and steady manner in the next trading sessions. The bears may still have to standby for a while until there are signs of the market’s correction around $1.60 mark.
ONT/USD Short-term Trend: Bullish
The ONT/USD market has initially experienced a series of range price movements during a couple of early trading hours today. Now, about a few hours until now the crypto has managed to make a notable push to the north, hence the reason for the current bullish trend as at the time of writing. The Bollinger Upper Band has stretched to point to the north. The Stochastic Oscillators are now consolidating within ranges 80 and 60.
The bulls may extend their stance in the ONT/USD market if they hold strong in their consolidation moving spree beyond the current resistance point at $1.55 mark.
Live Ontology (ONT) Price:
1 ONT/USD =$1.0337 change ~ 11.07%
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