ONTOLOGY PRICE ANALYSIS

Price reacted according to previous analysis with a break downward from the second trendline which sent the price falling 16% and held at $3.15. But the price really recovered and rallied to $3.68 which is usual for ONT. Despite the release of the ontology mainnet and list for the first triones participants which confirmed a lock up of 12,653,398 ONT, price continue to slide. Price may trade in a range but strong bear return can send it plummeting, with the next support level around $2.7-$2.5.