Ontology Price Prediction 2021 – Will ONT Hit $11 Soon?

Ontology is a blockchain platform that aims to build trust, identity and data exchange. It is the first decentralized trust ecosystem which uses distributed identity verification technology.

The ontology coin price prediction 2025 is a cryptocurrency that has seen a lot of growth recently. It was created by the Ontology team and it’s predicted to hit $11 soon.

  • The range of bullish ONT price predictions is $1.00 to $10.10.
  • The price of ONT may potentially hit $11.
  • The price estimate for the ONT bearish market in 2021 is $0.40.

We utilize data, price trends, ADX, and other information about ONT to evaluate the cryptocurrency’s future movement in ONT price forecast 2021. 

Ontology (ONT) is an open-source, high-performance blockchain focused on digital identity and data. ONT ID, a mobile digital ID application with DID usage across the ecosystem, and DDXF, a decentralized data exchange and collaboration framework, are two ontology features. Ontology is a public blockchain framework that aids in the development of public blockchain systems.

Ontology’s Current Market Situation (ONT)

At the time of writing, the price of Ontology was $0.688 with a 24-hour trading volume of $115,080,704 according to CoinGecko. In the past 24 hours, however, ONT has fallen to 3.28 percent.

Furthermore, there are 876,616,316.00 ONT in circulation. ONT is currently traded on Binance, OKEx, Huobi Global, FTX, and ZG.com, among other cryptocurrency exchanges.

Price Prediction for Ontology (ONT) in 2021

Ontology (ONT) is currently ranked 99th on CoinGecko. The price of ONT in 2021 is forecasted using a weekly time period, as shown below. 

Ascending Broadening Pattern in ONT/USDT (Source: TradingView)

A bearish pattern is an upward widening pattern. It is made up of two bullish lines that diverge. If there is a decent oscillation between the two upward lines, an ascending broadening pattern is produced. The resistance line is on the top, while the support line is on the bottom.

If the price of the ONT crosses the resistance level of $1.05 on the Weekly time frame chart, it will hit the goal of $3.15. Otherwise, if the ONT price breaks through the $0.35 support level, it will fall to the next support level at $0.19. As a result, the ONT’s trend is predicated on the breakout.

Support and Resistance Levels for Ontology (ONT)

Ontology’s support and resistance levels are shown in the graph below (ONT). 

Ontology Price Prediction 2021 – Will ONT Hit $11 Soon?Support and Resistance Levels for ONT/USDT (Source: TradingView)

The following are the resistance and support levels of ONT, as shown in the preceding chart.

  • $1.00 is the first level of resistance.
  • $1.76 is the second level of resistance.
  • $3.15 for Level 3 Resistance
  • $5.66 – Level 4 Resistance
  • $10.10 – Level 5 Resistance
  • Level 1 Support – $0.40

The preceding month’s negative performance of ONT is shown in the chart. In the near term, though, ONT will continue to provide a negative signal. If the trend were to reverse, ONT might fall below $0.40, signaling a bullish indication.

Average Directional Index for Ontology (ONT) (ADX)

Let’s take a look at the Average Directional Index for ONT (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).

The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.

The ADX of ONT is 24.16, indicating a weak trend, as seen in the chart above.

Conclusion

The ONT is one of the cryptos that has managed to hold its ground in a negative market. As a result, we have a positive long-term ONT price forecast for 2021. It has a good chance of breaking over its current all-time high (ATH) of $10.92 this year. This will only happen if it overcomes numerous previous psychological barriers.

With the continuous advancements and upgrades inside the ONT ecosystem, the ONT ecosystem may have a bright future in 2021. It may soon reach $10.10 and even higher levels, but it is more likely to hit $11 if investors believe ONT is a solid investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Articles to Consider

The ontology gas price prediction is a blog post about the Ontology coin. In the article, it states that there is a possibility of ONT reaching $11 soon.

Frequently Asked Questions

Is Ont A Good investment 2021?

That is a difficult question to answer. In order to know if it is a good investment, you would need to do some research on the market and how it has been doing over the past few years.

What is the future of ontology coin?

The future of ontology is bright.

Is Ontology Ont A Good investment?

Ontology is a highly promising project with a lot of potential to grow. With the current market cap at ~$1 billion, its not too late to invest in this cryptocurrency.

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