Market Overview: Ontology (ONTTRY) 24-Hour Analysis

• Price declined 14.5% from $7.263 to $6.735 over 24 hours, with bearish momentum evident in the RSI.
• A major support zone formed between $6.67–$6.70, holding through 10+ candlesticks and showing resilience.
• Volume surged during the sharp selloff on 00:00–04:00 ET but diverged from price after 07:00 ET, signaling potential exhaustion.
• Bollinger Band contraction between $6.70–$6.78 suggests a period of consolidation before the recent breakout.

Ontology (ONTTRY) opened at $7.167 on 2025-08-26 12:00 ET, reaching a high of $7.263 before closing at $6.735 at 2025-08-27 12:00 ET. The 24-hour low was $6.633. Total volume amounted to 5.5 million units, with a turnover of ~$39.5 million, indicating moderate liquidity during the selloff.

Structure & Formations

Price formed a bearish flag pattern during the consolidation phase between $6.70–$6.78. A key support zone emerged between $6.67–$6.70, which held during multiple test attempts. A large bearish engulfing pattern was visible around 00:45–01:00 ET, confirming the downtrend.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA early in the selloff, confirming bearish momentum. The daily chart showed the 50-day MA at $6.95, above the current price, suggesting further downward pressure is likely if the 200-day MA at $7.03 remains as resistance.

MACD & RSI

MACD turned negative during the morning selloff and remained bearish, with the histogram expanding during the most aggressive phase. RSI dropped to 30 by 05:45 ET, suggesting oversold conditions, though price continued lower, hinting at weak buying interest.

Bollinger Bands

Price remained outside the lower Bollinger Band for much of the 24-hour period, indicating high volatility. A contraction occurred between $6.70–$6.78 around 04:00–07:00 ET, followed by a sharp break to the downside, suggesting a continuation of the bearish trend.

Volume & Turnover

Volume spiked during the initial selloff, with a 15-minute candle on 00:45 ET showing 569,133 units traded. However, subsequent volume diminished despite continued price weakness, indicating potential short-covering or fading bearish sentiment.

Fibonacci Retracements

Recent swings showed a 61.8% Fibonacci level at ~$6.75, which failed to hold. A 38.2% level at ~$6.89 also acted as resistance. On the daily chart, the 61.8% retracement of the broader uptrend remains at $6.60, which may act as a critical support level for the next 24 hours.

ONTTRY may test the $6.60–$6.65 zone in the coming hours, which could either hold or trigger a deeper pullback depending on macro sentiment. A bullish reversal is unlikely unless the RSI breaks above 50 with strong volume. Investors should remain cautious and watch for any divergence in volume during key support tests.