Ontology (ONT) Seeing Resistance at $.62 - Will It Break Through?

Ontology On the Move


Ontology (ONT) has been finding resistance at just over $.62 for the past several days, and has twice bounced back down after briefly breaking through that mark. Now, will the market react and follow BTC while moving up?


Bitcoin has found ground over the psychological barrier of $8,000 and has brought the overall market prices up. The sentiment is good. Alts are starting to move into the green territory. Ontology has a solid foundation for usage, so will this start to translate into sustained price growth? 


​How High Could it Go?


The valuation of ONT could correctly be found over the $1.00 range, and has room to grow even after that. I'm still bullish on ONT, and will be looking for that breakthrough in the next several weeks.


Image sourced from ​BINANCE EXCHANGE​​​

COMMENT

21

aloha dreamer
13 Jan

It's exciting to consider that the rise of  BTC will cause all Alts to rise, too!

But how can we know what the impact will be?

Would love to see 1UP be impacted too!

26

preview not available Lucas S
13 Jan

I think projects that have a good basic foundation and uses cases on top of that will follow Bitcoin's trajectory. I believe we are still a year or two away from seeing alts separate themselves from Bitcoin.

21

aloha dreamer
13 Jan

Thanks for your response, Lucas🙂

16

Uzma Rani
13 Jan

My personal opinion is that it would definatly up

22

Sincere Helper
13 Jan

If Bitcoin move fast towards upward direction then Lucas you don't have much wait the price to trade over $1 mark of ontology.

26

preview not available Lucas S
13 Jan

Agreed, but I'm not fully convinced that Bitcoin will move up fast and stay there. I think there might be a selloff of BTC before the halving as people try to sell before the supposed dump that may follow.

24

Becky Ruvare
13 Jan

I always don't understand the graphs until they're explained , it's good to see alts heading to the green and hope for the breakthrough for ONT, I have figured the changes in BTC prices impact other coins

26

preview not available Lucas S
13 Jan

I'll work at being more explanatory in my posts that contain technical graphs. I'm still learning them myself to be honest, and just try to follow what I learn on Uptrennd as far as interpreting them.

24

Becky Ruvare
13 Jan

Sure,I will be learning a lot then from comparison with the graph and the explanation. I try every now and then I meet graphs here ,you're already doing great at it

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Ontology ONT

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Ontology is a high performance public blockchain and distributed collaborative platform. It anables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another.

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