ONT Has Good Upside Chances
Ontology (ONT) is down 0.4% to $0.1313 on Monday, in line with the broader crypto market, where Bitcoin (BTC) is slipping by 0.9% to $104,695. The market is stabilizing after initial volatility triggered by a U.S. appeal court reinstating tariffs and former President Trump’s renewed accusations against China for violating trade agreements, along with promises of tighter export restrictions on semiconductors.
Bitcoin briefly dropped to $103,030 over the weekend, while ONT touched a low of $0.1240, its weakest level since April 12. Both assets have since partially recovered, with ONT now holding above the average of its descending channel. This technical setup suggests potential for an upside move toward the resistance at $0.1500, provided broader market sentiment continues to improve.
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