In this Ontology technical analysis, we will examine the current price action, trading volume, key levels and indicators for ONT-USDT. Ontology (ONT) is a blockchain-based platform that enables the creation of decentralized applications (dApps) and smart contracts. Ontology’s mainnet was launched in March 2018, and since then, it has gained significant traction in the blockchain space due to its fast transaction speeds and low fees. Ontology’s unique governance model allows for decentralized decision-making, ensuring that the platform remains secure and reliable for users.
Ontology Price Overview:
As of September 22, 2023, Ontology is trading at approximately 0.1768 USDT. Let’s dive into the detailed price action for ONT-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.1735 USDT.
- High (H): Ontology reached a daily high of around 0.2 USDT.
- Low (L): The daily low for ONT-USDT was approximately 0.1723 USDT.
- Close (C): At the time of analysis, Ontology is trading near its daily close of 0.1768 USDT.
|1D Change (%)||1.96%|
|3D Change (%)||4.12%|
|7D Change (%)||7.35%|
|30D Change (%)||7.48%|
|90D Change (%)||-7.92%|
|YTD Change (%)||17.87%|
Over the past three days, ONTUSDT has increased by approximately 4.12%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 7.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ONTUSDT maintaining an upward trend of approximately 7.48%, despite intermittent fluctuations. Examining the last 90 days, ONTUSDT has witnessed substantial fall of approximately -7.92%, reflecting strong long-term confidence. Year-to-date, ONTUSDT has steadily appreciated by around 17.87%, 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 0.41167.
- Momentum score is 0.07477.
ONT USDT Technical Analysis
Ontology Trading Volume:
The trading volume for Ontology (ONT) over the past 24 hours has been significant, with approximately 66,550,983.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Ontology is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ONT-USDT is currently in the neutral zone, around 52.22311. 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 bullish 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 significant trading volume are neutral signals for potential sideways movement.
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.