Despite what traders would like to see, it appears the bearish crypto market pressure is far from over at this point. With Bitcoin still down by nearly 2%, it would appear nothing exciting will happen today either. Even though the Ontology price has been rather bullish over the past week and a half, it seems most of that momentum is being eroded in very quick succession.
What is Happening to the Ontology Price?
It was a matter of time until the value of Ontology would come crashing down once again. As this market has seen some very big gains in recent weeks, one would expect a correction to occur fairly soon. It now seems that price correction is kicking in, and is making some very volatile waves in the process. It seems rather likely the ONT value will drop below $1.1 pretty quickly if this trend remains in place.
The current tally for Ontology is not exactly promising by any means. A 9% drop in USD value and a 7.17% decrease in ONT/BTC do not paint a positive picture by any stretch of the imagination. These declines drive…