Ontology [ONT] is sliding as the coin sees increased selling in the market. Ontology [ONT] has spent most of the last week in an uptrend, so the losses seen today could be a correction in its prices. The broader market movement has been volatile, with no clear indicators as to what factors are driving investor sentiment.
The virtual currency had initially breached a key support level, noted at $2.47. After a steady decline throughout most of the day, the coin found support again at $2.36. But the crypto is far from reaching the current resistance level, which can be traced at $2.50, as it is currently in a brief consolidation phase.
At the time of writing, the MACD indicated that the crypto was trading in bearish territory. The 100 EMA line showed that the digital asset was in a downtrend. ONT is currently exhibiting a significant trading range of $2.34-$2.53. As of 2024 GMT, the token had fallen 2.2 percent against the U.S. dollar to trade at around $2.43.
The digital coin, at the time of writing, had slipped 2.5 percent against BTC. Currently, one ONT is equivalent to around 0.00033 BTC.
Ontology [ONT] Price Prediction 2018, 2020
- Trading Beasts has predicted that the crypto will likely trade as high as $5.16 in December, before ending the year lower at $4.13. In 2020, the virtual currency is expected to trade in a range of $2.25-$3.31.
- According to Smartereum, the coin has the potential for hitting the $100 mark this year, though this seems a bit too optimistic.
- Wallet Investor has forecast that ONT will hit $4,229 in one year. The five-year prediction for the coin is set at a lofty $15,294.
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