ONTOLOGY Price Prediction Today: Daily (ONT) Value Forecast – June 27

  • The short and medium-term outlook is in a bearish trend.
  • Traders may consider selling at key areas.

ONT/USD Medium-term Trend: Bearish

Supply zones: $1.40, $1.50, $1.60
Demand zones: $1.00, $0.80, $0.60

ONTOLOGY returns to a bearish trend in the medium-term outlook. The bulls successfully pushed price to $1.89 in the upper supply area before the end of yesterday session and lost momentum. Wicks around the supply area indicates bullish exhaustion. The break of the two EMAs further suggests bears return.

The market was indecisive as it opened at $1.65 with the 4-hour candle closed a doji. The bears showed dominance as price drops initially to $1.52 and later to $1.39 in the demand area.

The signal of the stochastic oscillator points down while price is below the two EMAs. This suggests downward momentum in price of the cryptocurrency in the medium-term.

$1.20 in the demand area is up for retest with stronger pressure by the bears.

ONT/USD Short-term Trend: Bearish

ONTUSD is in a downtrend in the short-term outlook. The bears resumed the downward journey of yesterday after the break at the EMAs crossover as the market opens today at $1.62. Increased momentum by the bears pushed price initially to $1.46 and later to $1.39.

The signal of the stochastic oscillator points down at 18% and price is above the two EMAs that are fanned apart. These indicate a downward momentum in price in the short-term.

$1.30 in the demand area is the bears' initial target with more candle opened and closed below the two EMAs in the short-term.

Live Ontology (ONT) Price:

1 ONT/USD =$0.5517 change ~ 2.97%

Coin Market Cap

$416.38 Million

24 Hour Volume

$13.27 Million

24 Hour VWAP

$1

24 Hour Change

$0.0164

 

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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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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