Ontology

<ul class="list-ic vertical">
 <li><span>1</span> <a>ONT price is trading near its 52 week high zone and looks bullish on the charts.</a></li>
 <li><span>2</span> <a>Buyers have persisted in accumulation, signifying bullish momentum.</a></li>
</ul>
<p>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.</p>
<p>At press time, ONT <a href="https://www.thecoinrepublic.com/2024/04/20/algorand-price-turns-bearish-will-buyers-bounce-back-for-algo/" target="_blank" rel="noopener noreferrer nofollow">price </a>traded at $0.4772&nbsp; 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.</p>
<h2 class="wp-block-heading" id="strong-ont-price-volume-profile-analysis-on-daily-chart-strong"><strong>ONT Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ONT), Volume (ONT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ontology&amp;pt=ONT&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_GGRs_izHxOPX&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (ONT), Weighted sentiment (Total) (ONT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ontology&amp;pt=ONT&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_GGRs_izHxOPX&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-x-followers-overview-strong"><strong>Social Dominance &amp; X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (ONT), Twitter Followers 7d (ONT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ontology&amp;pt=ONT&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_GGRs_izHxOPX&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Development Activity &amp; Total Open Interest Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (ONT), Total Open Interest in USD (ONT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ontology&amp;pt=ONT&amp;df=2023-10-23T18%3A29%3A59.476Z&amp;dt=2024-04-23T18%3A29%3A59.476Z&amp;sat=shchcfg_GGRs_izHxOPX&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<p>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.&nbsp;</p>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.4700 and $0.4500</p>
<p><strong>Resistance Levels:</strong> $0.5000 and $0.5200</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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.&nbsp;</p>

ONT Looks Bullish: Can Bulls Succeed In Surpassing $0.500 Mark?

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Thecoinrepublic.com

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