Ontology Is Struggling at $1.500 with a Downside Potential
Ontology (ONT) is down 6.1% this week to $0.1305, broadly in line with the wider crypto market, where Bitcoin (BTC) has fallen 4.0% to $112,700. Markets are focused on today’s speech by Fed Chair Jerome Powell at Jackson Hole, with U.S. President Donald Trump expected to make a bold statement immediately afterwards. Speculation is mounting that Trump could even call for Powell’s resignation if the Fed maintains a hawkish stance. This backdrop is weighing heavily on crypto assets, though they could find some relief if Powell unexpectedly strikes a dovish tone. ONT has formed a negative technical pattern this week and risks sliding sharply to $0.1000 should hawkish rhetoric persist.
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