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- 1 ONT price is trading near its 52 week high zone and looks bullish on the charts.
- 2 Buyers have persisted in accumulation, signifying bullish momentum.
ONT price chart depicts the follow on buying momentum and is trading in the bullish region, signifying a strong uptrend. The token displayed higher high swings and registered a breakout in the last few sessions. Ontology token is trading near its supply zone and buyers are eyeing to cross its all time high trajectory beyond $0.500. Bulls could make it to $0.650 followed by $0.700 in the upcoming sessions.
At press time, ONT price traded at $0.4772 with an intraday gain of 7.40%, reflecting bullishness on the charts. It has a monthly return ratio of 44.89% and 96.76% on a yearly basis. The pair of ONT/BTC is at 0.00000718 BTC, and the market cap is $303.91 Million. Analysts are bullish and suggest that the ONT token will continue to outperform and may reach the upside of $0.600 shortly.
ONT Price Volume Profile Analysis On Daily Chart
Per the Santiment data, the ONT crypto showcases a sharp buying momentum, and buyers have showcased their dominance. Additionally, the buyers have held the gains decisively and are eager to cross $0.5000. The intraday trading volume jumped over 5.29% to $393.94 Million.
Price Volatility & Weighted Sentiment Outlook
Following the sharp buying momentum, the ONT crypto displays massive pump and dump activity in the price volatility curve this week. The price volatility curve noted a drop of over 16.90% to 0.027 Similarly, the weighted sentiment looks positive and stayed above the midline around 0.306.
Social Dominance & X Followers Overview
On the daily charts, the social dominance data dropped over 2.40% to 0.121% displayed a neutral data. However, the X followers data looks extremely positive and surged over 82.89% and jumped to 10.9k.
Development Activity & Total Open Interest Insights
The development data witnessed average movement and stayed near the midline zone around 0.236. However, the derivative data signifies long buildup, the open interest spiked over 8.79% to $62.18 Million in the last 24 hrs.
Per the Fib levels, the ONT price has overtaken the 61.8% resistance zone and is on the verge of the upper bollinger band support zone. Similarly, the RSI curve stayed in the overbought region, and a positive crossover was noted on the charts.
The total supply of the ONT token is 1 Billion, whereas the volume-to-market cap ratio is 0.0340, and it is ranked 1.30 in terms of market cap in the global crypto market.
Summary
The Ontology token price trades near the neckline hurdle of $0.500 and depicts buying momentum on the charts. Moreover, the trend is intact and the token will persist in fuelling the rise.
Technical Levels
Support Levels: $0.4700 and $0.4500
Resistance Levels: $0.5000 and $0.5200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
