Ontology Price Analysis: ONT Price Slumped -0.27% in 24-hours


  • ONT’s intraday volume stands at $20,870,430.00.
  • ONT price flashes signs of bearishness on 7-days price chart.
  • Ontology has a medium term resistance at $0.23.
  • First support level for Ontology is at $0.20.

22 April 2024 : In this article we will walk you through Ontology price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Ontology, Is ONT a good investment? Ontology support & resistance levels etc. But before diving deep into the ONT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,423,420,607,589. The total trading volume stands at $61,681,706,423. Bitcoin shares 53.55 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $65,902.23 level after an upward movement of 1.14%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.92 percent reaching to $3,208.90 during the previous 24 hours.
While publishing this blog, BNB traded at $602.68, following a price change of 4.62% within the same time frame. SOL the native coin of Solana is up by 0.22 and currently trading at $151.34. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Ontology Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Ontology (ONT)

ONT Resistance Levels ONT Support Levels
Resistance Level 1 $0.22 Support Level 1 $0.20
Resistance Level 2 $0.23 Support Level 2 $0.18
Resistance Level 3 $0.24 Support Level 3 $0.17

Ontology Performance

The price of Ontology (ONT) is at $0.21, down -0.27% in the past 24-hours and has a price change of -1.79% over the week. One day trading volume for BTC is 20,870,430.00 USD while total marketcap reached $184,263,589.00 USD. There are almost 875,249,524 are in circulation out of 1000000000.

Ontology Price Analysis

ONT price analysis for 22 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Ontology.

Moving Averages Price Indicator
Simple Moving Average (10) 0.21 Sell
Exponential Moving Average (10) 0.21 Sell
Simple Moving Average (20) 0.22 Sell
Exponential Moving Average (20) 0.22 Sell
Simple Moving Average (50) 0.23 Sell
Exponential Moving Average (50) 0.23 Sell

As per the price analysis, the ONT price may find support at these crucial levels of $0.20, $0.18, moving below these levels might bring the price to $0.17. on the other side, the resistance levels are at $0.22 and $0.23. A bullish breakout from the above levels may lead the price to the $0.24. RSI implying oversold phase while trading at 29 and is trying to break out of the bearish zone while highlighting massive bearish strength. While ONT’s Williams %R indicator is at -45.845 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing below of the signal line after a crossover. Ontology investors need to wait for any directional change over the daily chart.

Conclusions

There had been a negative trend for some time and it seems that the coin's recuperation will continue as long as it remains in the reddish area. You should only acquire crypto right now if you're prepared to hold it through the ups and downs of the crypto market.