Ontology

Jito

Ontology Gas

<div class="finbold">
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market is heating up after a week of uncertainties and significant losses. Amid a potential recovery, two <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> stand out with notable <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> momentum.</p>
 <p class="paragraph">Finbold recurred to the Relative Strength Index (RSI) heatmap from <em>CoinGlass</em> on April 21 to spot potential buy signals.&nbsp;</p>
 <p class="paragraph">Overall, the average weekly RSI shows a neutral-50 landscape that could lead these assets in any direction. On the other hand, the average daily RSI navigates below 50 index points as a result of last week’s turmoil.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">However, according to this technical indicator, two cryptocurrencies—Jito (JTO) and Ontology Gas (ONG)—display strong momentum. Under the proper conditions, this strength can fuel a bullish continuation next week and represent a current trading buy signal.</p>
 <h2 class="wp-block-heading" id="h-buy-signal-for-jito-jto">Buy signal for Jito (JTO)?</h2>
 <p class="paragraph">First, Jito is a $500 million capitalization protocol running on Solana (SOL), designed to allow liquid staking through synthetic tokens.</p>
 <p class="paragraph">As of this writing, JTO is trading at $4.14, up nearly 10% in the last 24 hours. This recent price action has put Jito in the daily RSI strong zone, slightly above 60 index points. Additionally, the token has a weekly RSI above the average while displaying overbought status in shorter time frames.&nbsp;</p>
 <p class="paragraph">The token traded for as high as $5.32 in early April and could revisit this level in a favorable scenario.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="616" src="https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp" alt class="wp-image-170609" srcset="https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp 1024w, https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp 300w, https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp 768w, https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp 1536w, https://cdn.thebittimes.com/images/2024/04/21/3adbae74093cca1e06f887101decfd8f.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Crypto Market RSI Heatmap, daily chart: JTO. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="strong-momentum-for-ontology-gas-ong">Strong momentum for Ontology Gas (ONG)</h2>
 <p class="paragraph">Meanwhile, a riskier asset stands out above all other cryptocurrencies in terms of its 24-hour relative strength index. Ontology has seen increased demand for its digital ID network, affecting the token used to pay the gas fees, ONG.</p>
 <p class="paragraph">Ontology Gas token trades at $0.66, the strongest cryptocurrency in <em>CoinGlass</em>‘s index daily time frame, with 64.3 points. GAS surged by 4.58% in the last 24 hours, achieving a $270 million market cap.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="616" src="https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp" alt class="wp-image-170610" srcset="https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp 1024w, https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp 300w, https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp 768w, https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp 1536w, https://cdn.thebittimes.com/images/2024/04/21/f16920c5b18436d4d0e6363ad91c50f9.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Crypto Market RSI Heatmap, daily chart: JTO. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <p class="paragraph">Despite the potential buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> for these two <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a>, the market is volatile, and things can change quickly. Furthermore, both assets’ low capitalization presents increased risks that traders must be aware of when speculating next week.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/buy-signal-for-two-strong-cryptocurrencies-this-week-tbt85935.html">https://thebittimes.com/buy-signal-for-two-strong-cryptocurrencies-this-week-tbt85935.html</a></p>

Buy signal for two strong cryptocurrencies this week

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