Blog_2Blog_2Blog_2Blog_2
  • MARKET BUZZ
    • Daily Crypto News
    • Weekly Wrap Up
  • TOPICS
    • Crypto Basics
    • Defi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Investing
    • Cryptocurrency
    • Price Predictions
    • Crypto Technical Analysis
    • Crypto Ama
    • Investment Research
  • PRODUCT
    • Tutorials
    • Product Features
    • Security Compliance
  • COINDCX
    • Announcement
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            Ontology(ONT)/USDT Technical Analysis: 12 February 2022

            February 12, 2022
            ONT Technical Analysis

            The Ontology price since the beginning remained pro-active reducing consolidation for a long time. The quick reaction after each plunge of-let is the unique feature ONT price possess which usually attracts more traders towards the asset. The asset incepted just after the 2018 market slash and recorded highs above $8. 

            Woefully ever since then, the asset maintained its extreme downtrend which drained the gains and also weakened the rally. Despite all the odds the assert still appears to be pretty poised to hit $1 at the earliest and maintain with a strong uptrend further.

            Table of Contents

            • Ontology(ONT)/USDT Technical Analysis at a Glance
            • Ontology(ONT)/USDT Technical Indicators & Pivot Levels
            • Ontology(ONT)/USDT Technical Analysis for the Week
            • Ontology(ONT)/USDT Technical Analysis for Today: 12 February 2022
            • Where & How to Buy Ontology(ONT)

            Ontology(ONT)/USDT Technical Analysis at a Glance

            The ONT price began the 2022 trade with a notable bearish trend which slashed the price by more than 37% but luckily the asset also managed to recover by nearly 24%. After hitting the monthly lows around $0.4, the asset flipped with extreme bullish momentum and initiated with an ascending trend. However, the recent plunge broke down the trend and dragged the price below the support levels. Despite repetitive attempts, the asset still remains notably bearish. 

            Short Term The price  had bottomed hard and also an attempt to flip from the rock-bottom levels also appears to be in vain
            Mid Term The ONT price is plunging hard and about to hit the oversold levels. A minor flip may be expected but it may be short-lived
            Long Term The uptrend is appearing to be eased out as the buying pressure is reducing and hence price may experience a notable plunge

            Ontology(ONT)/USDT Technical Indicators & Pivot Levels

            Technical Indicators

            Technical Indicators Value(1Hr / 1D) Action(1Hr /1D)
            Relative Strength Index(RSI) 32.57 / 46.72  Sell / Neutral
            MACD (12,26)  -0.0131 / -0.0014 Sell / Sell
            Average Directional Index(ADX) (14) 33.81 / 27.39 Sell / Buy
            Average True Value(ATR) (14)  0.0087 / 0.0427 Less Votality / Less Votality

            Pivot Levels 

            Pivot Levels Short-Term Long-Term
            Moving Average(MA)-50 $0.5813 $0.5902
            Moving Average(MA)-200 $0.5711 $0.8556
            Resistance $0.5926 $1.087
            Support $0.4903 $0.4208

            Summary

            The Ontology price is extremely bearish in both the time frames as most of the indicators are pointing towards a ‘sell’. While the RSI is bottomed hard sliding below the lower levels, a quick attempt to rebound is also about to fail in STF signifying a huge bearish trend. And in the HTF the RSI has taken a notable bearish divergence, therefore a revisit to lower support appears pre-defined. Conversely, MACD in short term is bullish and hence one can expect a minor bounce while in long term is bearish as selling volume is about to mount. 

            Despite the trend being bearish, the strength of the rally is gearing up in STF as ADX is surging slowly. Yet the HTF rally is slowly weakening and hence may flip after hitting certain lower levels, hence slightly bullish. On the other hand ATR, the volatility indicator is pointing towards low volatility in both the time frames and hence the asset may be a little risky currently. The rally is superseded by the bears in STF and HTF as the bull/bear power is pretty bearish. 

            The ONT price at the press time is pretty much distinct from all the important resistance levels. Moreover, the asset may visit the local support as the trend has reversed at the press time and the price is compelled to decline significantly. And hence the token may plunge below $0.5 to hit the immediate support and attempt a bounce from here else could hit the support in the long term. 

            Ontology(ONT)/USDT Technical Analysis for the Week

            The Ontology price began the present week trade with a decent uptrend which uplifted the price by more than 16% by the mid-week. However, very quickly the asset fell into a deep bearish trap and dropped nearly 20% in just a couple of days. Additionally, the asset is expected to continue with the downtrend until the day’s close where-in the price may hit the lower support and rebound with huge intensity. However, the trading volume is pretty less and dominated by the sellers and hence the ONT price is losing its value. As the asset reaches the demand zone just below $0.5 huge influx of traders may assist the price to regain the lost value very soon.

            Source: Tradingview Date: 12-02-2022 Time:11:55am

            • The ONT price is following a massive descending channel since the previous trading day, and after consolidating for a short time the asset again fell into a deep bearish well
            • Most of the indicators are bearish and hence the asset may visit the lower support below $0.5 if failed to halt the downtrend
            • With the plunge, the asset is following along with the lower support bands of the Bollinger bands which is somewhat a bearish signal’
            • Like the previous flip where-in, the asset hovered along with the lower support for a long time and halted the plunge with a minor consolidation. Further, it spiked by more than 11% to slice through the upper bands. And hence a similar movement is expected now
            • But a greater chance of this plot getting completely nullified also surfaces as the intensity of the plunge is extremely huge. 
            • Yet an upcoming couple of hours may be extremely crucial as the next move may be decided 

            Ontology(ONT)/USDT Technical Analysis for Today: 12 February 2022

            The Ontology price began the previous day’s trade with a huge descending trend which continued until the early trading hours and slashed more than 10%. On the other hand, a fair chance of a rebound has also gone in vain as the ONT price is still following the same bearish trend. Technicals are completely bearish and hence the asset may follow a strong bearish trend throughout the weekend. The beginning of the fresh weekly trade may notice a flip yet the intensity and sustainability completely depends on the volume accumulated then. 

            The ONT price at the press time is $0.5299 with a huge drop of 8.26% compared to the previous day’s close. The trading volume has dropped massively by more than 55% indicating the buyers remain off the track. And hence the market cap also remained plunged by more than 9%, registering around $460.3 million. 

            Where & How to Buy Ontology(ONT)

            If you are planning to invest in Ontology(ONT) or any of your favorite coins, then you have landed in the best place. CoinDCX offers a wide range of crypto assets with huge benefits at a very affordable price. All you need to do is, download CoinDCX Pro App on your smartphone and enter all the required details. Once verification is done, fund your wallet and purchase ONT or any of your desired tokens.


            Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information, or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment, or tax advice by the reader. The calculations, data, risk-return formulations, performance, or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors, or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


             

            Share
            0
            CoinDCX
            CoinDCX

            Related posts

            February 23, 2023

            How to find Support and Resistance Zones in Crypto | Crypto Trading 101


            Read more
            NEAR Technical Analysis
            January 11, 2023

            Near Protocol Price Prediction: Could Near Protocol hit $10 in 2023?


            Read more
            November 22, 2022

            Bitcoin Technical Analysis: Is BTC Price Heading to Form New Lows Below $14K?


            Read more

            Recent Posts

            • 0
              Why did Decentraland Price surged more than 100% in 2023?
              March 31, 2023
            • What is Gitcoin (GTC)? How To But GTC Token In India?0
              What is Gitcoin (GTC)? How To But GTC Token In India?
              March 31, 2023
            • 0
              Solana Based Apps coming to Cosmos as Injective Launches a Layer-2 Testnet
              March 31, 2023
            • 0
              Bitcoin vs Ethereum: What Sets BTC apart from ETH Crypto?
              March 31, 2023
            • Ripple Price Prediction: From $0.916 to $0.29; What’s next for XRP Price in 2023?0
              Ripple Price Prediction 2023: Will the Closure of Ripple vs SEC Lawsuit Propel the Price to $1?
              March 31, 2023

            Categories


            • BTC to INR


            • ETH to INR


            • USDT to INR


            • USDC to INR


            • BNB to INR


            • BUSD to INR


            • XRP to INR


            • ADA to INR


            • SOL to INR


            • DOGE to INR


            • SHIB to INR


            • MATIC to INR


            • TRX to INR

            Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
            Download the app now, register & start with as low as Rs.100
            ios download link
            android download link
            qr code for download

            COMPANY

            Security
            Blog
            About
            Careers
            Referral Program

            PRODUCT

            Margin
            Trade
            Futures
            Insta
            Convert
            Lend
            Markets
            API Documentation

            SUPPORT

            Contact Support
            Frequently Asked Questions (FAQ)
            Contact Us

            • Customer Support: [email protected]
            • Team: [email protected]
            • Press: [email protected]

            SOCIAL LINKS

            Icon of FacebookFacebook
            Icon of FacebookTwitter
            Icon of InstagramInstagram
            Icon of TelegramTelegram
            Icon of LinkedInLinkedIn
            Icon of RedditReddit

            Logo of CoinDcx Download our Android/iOS App: CoinDCX Ⓒ All rights reserved by Primestack Pte. Ltd.

            DISCLAIMER

            The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

              Visit CoinDCX
                        No results See all results
                          Go to mobile version