ONT USDT Ontology Technical Analysis

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By Frans van Elst

Ontology logo In this Ontology technical analysis, we will examine the current price action, trading volume, key levels and indicators for ONT-USDT. Ontology is a high-performance public blockchain and decentralized identity system that provides a comprehensive set of tools for businesses to build trustless and transparent networks. With its unique dual-token architecture and proof-of-stake consensus algorithm, Ontology enables fast and secure transactions while ensuring the security and scalability of the network. Additionally, Ontology’s modular design allows for customizable sidechains and cross-chain communication, making it an ideal platform for a wide range of use cases.

Ontology Price Overview:

As of May 20, 2024, Ontology is trading at approximately 0.3066 USDT. Let’s dive into the detailed price action for ONT-USDT:

Consider bearish sentiment for Ontology (ONTUSDT) at 3.07e-01 USDT with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.3015
High (H) 0.3109
Low (L) 0.2981
Close (C) 0.3066
Volume (C) 3,806,442.00
  • Open (O): The opening price for today’s trading session was approximately 0.3015 USDT.
  • High (H): Ontology reached a daily high of around 0.3109 USDT.
  • Low (L): The daily low for ONT-USDT was approximately 0.2981 USDT.
  • Close (C): At the time of analysis, Ontology is trading near its daily close of 0.3066 USDT.
Metric Value
1D Change (%) 1.73%
3D Change (%) -4.01%
7D Change (%) -1.45%
30D Change (%) -16.71%
90D Change (%) 17.38%
YTD Change (%) -8.91%

Over the past three days, ONTUSDT has declined by approximately -4.01%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.45%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ONTUSDT maintaining a downward trend of approximately -16.71%, despite intermittent fluctuations. Examining the last 90 days, ONTUSDT has witnessed substantial rise of approximately 17.38%, reflecting strong long-term confidence. Year-to-date, ONTUSDT has steadily depreciated by around -8.91%, 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-USDT 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 0.65109.
  • Momentum score is -0.23996.

ONT USDT Technical Analysis

Ontology Trading Volume:

The trading volume for Ontology (ONT) over the past 24 hours has been insignificant, with approximately 3,806,442.00 USDT traded against ONT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 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-USDT is currently in the neutral zone, around 46.63431. This suggests that Ontology is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Ontology (ONT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Consider bearish sentiment for Ontology (ONTUSDT) at 3.07e-01 USDT with technical analysis, highlighting weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on ONT BTC Ontology Technical Analysis if you found this post intriguing.

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.

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