ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – June 26
- The short and medium-term outlook is in the uptrend.
- Responsible buying recommended.
ONT/USD Medium-term Trend: Bullish
Supply zones: $2.00, $2.20, $2.40
Demand zones: $1.00, $0.80, $0.60
ONTOLOGY is in a bullish trend in the medium-term outlook. The bulls successfully broke$1.54 in the upper supply area of the ranging market on 22nd June. Price shut up to $1.54 in the supply area.
The market correction was necessary hence the drop in price to $1.47. The bullish continuation has kept making high higher each day with $1.82 in the upper supply area as yesterday high.
Today’s session opened with the bulls sustaining the momentum up to $1.86 before a brief loss to the bears.
ONTUSD was down to $1.65 in the demand area around the resistance at 10-EMA as the candle closed with a wick. This area is the 38.2 fib level a trend continuation zone.
The bulls are in control of the market as price stays above the two EMAs. Minor draw down may occur but the bulls target remain $2.00 in the supply area in the medium-term.
ONT/USD Short-term Trend: Bullish
ONTUSD is in an uptrend in the short-term outlook. The formation of higher highs and high lows during yesterday market confirmed the bulls dominance. $1.81 in the supply area was yesterday highest high.
Today market opened on a bullish note with a new high at $1.85 before the loss in momentum as the candles closed with wicks.
$1.67 in the demand area within the EMAs was the low attained as the bears lost momentum.
The signal of the stochastic oscillator points up at 61% and price is above the two EMAs an indication of upward momentum in price in the short-term.
$1.90 in the supply area is the bulls initial target with more candle opened and closed above the two EMAs.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research
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