ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – June 18
- The Ontology's market worth has been falling in a range against the price valuation of the US dollar in the medium-term run.
- There may soon be a line of consolidation price movements around $1.40 horizontal price mark.
ONT/USD Medium-term Trend: Ranging
- Resistance levels: $1.70, $1.80, $1.90
- Support levels: $1.30, $1.20, $1.10
There has been a slow-moving fall in the ONT/USD market worth in a range since the trade commences today. Over a couple of days running into weeks, the crypto-market has been in a choppy moving mode.
The value of Ontology started declining slightly while it couldn’t push northwards further past $1.60 horizontal line. Now, in its current slow falling more in the range zones, price has been hovering around both the Bollinger Middle Band and the 50-day SMA. The Stochastic Oscillators have crossed downward to touch range 40.
The ONT/USD market now appears getting set to make a grand for the bears to take the trade’s advantage within the range zones. The horizontal mark at $1.40 is the strong point that needs to be broken southwards to possibly affirm the sustainability of the bears’ current force in the market
ONT/USD Short-term Trend: Bearish
Today’s trading hours of the ONT/USD market have been majorly dominated by visible falling pressures. The market’s trend in the short-term run yesterday was in a bullish trend outlook. During the market’s journey to the north, the market achieved a high point at around $1.55. A very slight move has been made a bit above the point today so as to allow the bears to have a smooth ride of the market.
The bears may still freely force the market’s line down more to $1.40 mark before gradually relaxing. During the presumed relaxation trading time, there can be a line of consolidation price movements between $1.40 and $1.35 marks in the short-term run of the market.
Live Ontology (ONT) Price:
1 ONT/USD =$2.0777 change ~ 16.87%
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