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Price Analysis

Ontology Price Analysis: Is ONT On The Growth Phase, Or Will It Fall Below Its Expectations?

Ontology (ONT) witnessed a fall in the price on 4th June, and the same trend continued till the 9-June-19. Post the said date, the coin has regained back its stand in the crypto market and has ever since started showing an upward trend. The price of the coin did fall again on 27th June wherein the price was 1.41 USD. However, this was just a temporary phase, and it managed to show growth, and at the moment, price is reflecting an upward trend. Barring the few days of June, the coin so far has shown positive movement and performance in the digital world.

Let us analyze the performance of the ONT coin: –

Ontology Price Chart - 1 July
Ontology Price Chart

Current Statistics of ONT:

  • Today the market cap of the coin was 727,770,525 USD.
  • Price of the coin today as per 09:23 UTC is 1.46 USD.
  • 24-hour volume is $197,566,679
  • 494,757,215 coins are at present in circulation.
  • ROI of the coin is -44%.

Ontology Price Analysis and Future Forecast:

If we compare the price of the coin since 4th June as per 20:30 UTC time wherein the price was 1.18 and the current price, the coin shows a bullish trend by 23%. The price of the coin may continue with the uptrend with the price reaching $1.5 by the end of the day tomorrow, and by the end of the year, the price may reach around $2.5.

Conclusion:

By observing the current movement and price of the coin, it is advisable to invest in new coins and retain the same for the long term to get better returns. The MACD indicator also reflects that the coin will continue with the present trend, and prices will rise even further. As per RSI Indicator, the number of coins being traded seems neutral now. If ONT continues at the same pace, we can expect the next major resistance level, i.e., at $1.81. We do not anticipate a drastic fall in the price of the coin and predict that it would continue to show further growth in the coming times.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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