Ontology Gains Over 30% in 2 Weeks and Trades Above $0.70

Ontology has been gaining an edge in the altcoin market and has drawn an uptrend straight after the market crash in March. With a bullish intraday momentum, ONT/USD bullish candlewick of the price trend is hitting the upper 20-day BB.

Ontology, which otherwise was seen trading laterally, is now supported by Binance as a growing and developing blockchain. With the recent rise in price ONT token, the 20-day BB is seen gradually widening projecting towards a hint of volatility.

Ontology Price Analysis

Ontology News
ONT/USD Chart By TradingView

On the 24-hourly chart, Ontology is seen luring notable momentum with intermittent bearish candlewick as it trades as $0.71 as it reclaims 4-month height. With the recent price spike since the start of the ongoing month, Ontology has gained over 30% in 2 weeks, from trading around $0.53 to currently trading above $0.71. The coin is retaining complete support from 50-day and 200-day Moving Averages at $0.590 and $0.576 on the 24-hourly chart.

Ontology is definitely not that altcoin which is belonging to the group of Ethereum and XRP, which otherwise are deemed to have influence from Bitcoin. Ontology, with a gradually developed blockchain platform, is luring networkers through the recent price action and elevated blockchain services in all the possible sectors. These third-generation cryptos have been making enough developments in the crypto space and blockchain world to enable crypto-based working and efficiency. From that point of view, ONT is the developing and promising cryptocurrency in the crypto space. Check out Ontology price prediction by our experts to know more further about the future prices of ONT coin.

The technicals laid confirm intraday bullishness as the MACD crosses above the signal line after having gained over 30% in 15 days, and the RSI also remains inclined towards the overbought region at 67.70. The major support to watch out for lies at $0.65, and the resistance lies at $0.80.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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