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Price Analysis

Ontology Price Analysis: ONT Falls To $1.34, Recovery Phase On The Way!!

For a better understanding of the price movement of the Ontology coin, we need to look at the price figures since 9-May-19 till today. The coin has shown steady movement and gained back its pace since 9-May-19 prior to which the trends were bearish. Till date, the coin has continued to show amazing growth and bullish pattern with prices reaching the levels of $1.68 on 30-May-19. As per the current price movement, it seems to be just a temporary phase, and we anticipate that the coin has the potential to recover from this trend by tomorrow.

 

Let us observe the performance of the Ontology: –

Ontology price chart - july 2

Current Statistics of ONT Price:

  • As per 10:01 UTC today, Market Cap of the coin was 665,093,583 USD.
  • ONT coin price today as per 8:15 UTC is 1.34 USD.
  • 24-hour volume is $181,743,565.
  • 494,757,215 coins are now in circulation.
  • ROI of the coin is -48.65%.

Ontology Price Prediction and Comparison:

The price of the coin on 30-May-19 as per 10:30 UTC was 1.68 USD. If we analyze the prices of the coin since 30-May-19 and today, the coin shows a bearish trend by 20%. Having said that, we truly believe that it is just a passing phase, and the coin will bounce back by the end of the day today. The price of the coin will reach $1.4 by tomorrow. After a period of 6 months, it may roam around $2. 

Conclusion:

Experts suggest to wait till tomorrow as prices are expected to increase before investing your money in the coins. Also, it is important to hold the coins once purchased for the long run; it will provide better returns in the future. The number of coins which are being traded in the market has remained neutral over the past several weeks now. As per the MACD indicator also, the trend of the coin is bearish. RSI indicator also presents the same price scenario. Analysts predict that the coin may start reflecting an upward trend by tomorrow, considering its past efficiency and performance.

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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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