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Ontology price is on the verge of a 70% breakout if ONT bulls manage to breach crucial resistance barrier


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Ontology price is on the verge of a 70% breakout if ONT bulls manage to breach crucial resistance barrierCryptos
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2/8/2021 7:26:05 AM GMT
Ontology price awaits a bullish breakout from a multi-year consolidation pattern on a weekly time frame.
The increasing volume activity suggests massive accumulation underway.
On-chain data reveals a crucial resistance barrier at $0.70.
Ontology price moves closer to a pivotal point in its trend. A spike in upward pressure could be succeeded by a highly volatile movement because ONT has remained stagnant since December 2018. 
Ontology price primed for a breakout from a multi-year consolidation pattern
ONT has been on a downtrend since mid-2018 forming a descending triangle along the way. Interestingly enough, its recent price action shows large spikes in buy volume, hinting that some market participants have been accumulating heavily over the past ....

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