In this Ontology technical analysis, we will examine the current price action, trading volume, key levels and indicators for ONT-BTC. Ontology is a high-performance public blockchain project that focuses on providing advanced technology for the decentralized finance (DeFi) sector. It utilizes a proof-of-stake (PoS) consensus algorithm, which allows for faster and more energy-efficient transactions compared to traditional proof-of-work (PoW) algorithms. Additionally, Ontology features a modular architecture that enables the seamless integration of various decentralized applications (dApps), making it an attractive platform for developers and users alike.
Ontology Price Overview:
As of December 05, 2023, Ontology is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ONT-BTC:
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Ontology reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for ONT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Ontology is trading near its daily close of 1e-05 BTC.
|1D Change (%)||-2.00%|
|3D Change (%)||-6.59%|
|7D Change (%)||-7.71%|
|30D Change (%)||-14.72%|
|90D Change (%)||-16.69%|
|YTD Change (%)||-40.57%|
Over the past three days, ONTBTC has declined by approximately -6.59%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.71%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ONTBTC maintaining a downward trend of approximately -14.72%, despite intermittent fluctuations. Examining the last 90 days, ONTBTC has witnessed substantial decline of approximately -16.69%, reflecting strong long-term confidence. Year-to-date, ONTBTC has steadily dropped by around -40.57%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Ontology Live Chart:
You can access a live price chart for ONT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.30425.
- Momentum score is -0.14715.
ONT BTC Technical Analysis
Ontology Trading Volume:
The trading volume for Ontology (ONT) over the past 24 hours has been insignificant, with approximately 251,426.00 BTC traded against ONT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): ONT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Ontology is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ONT-BTC is currently in the low zone, around 41.0274. This suggests that Ontology is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Ontology (ONT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Ontology (ONTBTC) at 5.39e-06 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.