The broader cryptocurrency market seems to be mixed, with intense selling pressures either trimming gains or dragging down major digital assets. Ontology [ONT] is performing well enough, trading comfortably about the $2 level. A recent listing on crypto exchange Bibox may have lifted sentiment, but bears in the market are threatening to pull down the coin’s price.
The virtual currency had earlier found support at $1.95, after which it steadily rose to as high as $2.15. However, the bearish trend seen in the market seems to have capped the coin’s gains. For now, the crypto is experiencing a brief consolidation phase. It seems unlikely that ONT can fend off the selling pressures to reach the $2.20 mark.
At the time of writing, the 100 EMA line indicated that the altcoin was in a downtrend. However, the MACD showed that the crypto was trading with bullish momentum. ONT was exhibiting a significant trading range of $1.91-$2.16. As of 1844 GMT, the digital asset had climbed 4.6 percent against the U.S. dollar to trade at $2.04.
The token had gained 4.5 percent against BTC at the time of writing. Currently, one ONT is equivalent to around 0.00032 BTC.
Ontology [ONT] Price Prediction 2018, 2020
- 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.
- 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.
Ontology [ONT] Latest Updates
Bibox, an AI-enabled crypto exchange, just listed Ontology [ONT] on its trading platform. The withdrawal and deposit of the tokens on the exchange began on Friday. The platform will support ONT/ETH, ONT/BIX, ONT/USDT and ONT/BTC trading pairs.
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