Monat: August 2025

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Ontology price skyrockets 55% to hit six-month high

  • Ontology price rose more than 50% to lead the top gainers across crypto.
  • The altcoin gained as Bitcoin and Ethereum dropped, with the ONT price hitting a six-month high.
  • ONT could retreat amid profit-taking.

Ontology has defied broader crypto dumping to skyrocket more than 55% to highs near $0.22, hitting its highest level in six months.

The uptick for Ontology (ONT) comes as the cryptocurrency market witnesses a significant uptick in sell-off pressure, with Bitcoin dropping to under $112k and Ethereum giving up gains after a new all-time high.

But as these top headline makers struggle, ONT is grabbing most attention amid its 55% price surge.

Ontology price spikes 55% to 6-month high

Ontology (ONT) has seen a remarkable 55% price surge, reaching an intraday peak of near $0.22, its highest level in six months.

The altcoin traded at lows of $0.13 in the morning session, but marched higher to reach levels seen at the start of February 2025.

With trading volume soaring by over 4,600% to more than $337 million, Ontology price stands out as one of the outperformers on the day.

As BTC and ETH pare gains, Ontology’s 24-hour gains come amid heightened activity around the decentralised identity protocol’s native token.

Mainstream adoption of artificial intelligence and blockchain has Ontology’s infrastructure for decentralised identity and data privacy, drawing significant interest.

The project’s focus on regulatory compliance for digital identity solutions and blockchain interoperability is a key cog in its adoption curve.

Analysts predict ONT could benefit from this outlook to target more gains.

Ontology price forecast: What’s the technical picture?

The price of Ontology breaking out as the rest of the market fights to hold onto recent gains suggests holders may have to deal with incoming downside pressure.

ONT going vertical will welcome a pullback, likely to a demand reload zone.

However, open interest in ONT has increased by over 617% to nearly $60 million.

This indicates trader confidence and speculative interest amid the token’s upward trajectory.

Ontology’s price outlook as open interest rises, combined with high trading volumes, suggests a potential bullish continuation.

Ontology Price Chart
ONT price chart by TradingView

From a technical perspective, ONT is trading Relative Strength Index (RSI) on the daily chart at 81.

RSI at these levels shows the asset firmly in the overbought territory and thus leaning toward a reversal.

The Moving Average Convergence Divergence (MACD), however, shows a bullish crossover, indicating bulls have the upper hand and that a sustained rally may yet unfold if a retest allows buyers to establish a footing at key support levels.

On the daily chart, these areas lie around $0.20 and $0.17.

On the flipside, a break above $0.27 will allow buyers to aim for $0.40.

The post Ontology price skyrockets 55% to hit six-month high appeared first on CoinJournal.

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ZRO targets $2.60 as Stargate approves LayerZero’s acquisition proposal

TL;DR

  • ZRO is down 7.5% and is now trading at $2.01.
  • The bearish performance comes despite Stargate DAO approving LayerZero’s acquisition proposal.

Stargate DAO approves LayerZero’s acquisition proposal

The cryptocurrency market was volatile over the weekend, with massive gains recorded on Friday wiped out on Sunday. Bitcoin briefly dropped to the $110k region while Ether is now trading above $4,700 after setting a new all-time high of $4,953.

The bearish performance affected LayerZero’s ZRO as the coin has now lost more than 7.5% of its value in the last 24 hours. Thanks to this bearish trend, ZRO is now trading at $2.01.

The negative performance comes despite a massive development for the LayerZero ecosystem. LayerZero Foundation announced on Saturday that Stargate’s governance organization has approved its acquisition offer with nearly 95% of votes in favor.

The approval came despite Wormhole making a late $120 million cash offer. Furthermore, Across co-founder Hart Lambur and the Axelar Foundation both said they would make formal bids if the process was slowed.

ZRO could top $2.6 if bullish momentum returns

The ZRO/USD 4-hour chart is bearish and efficient as LayerZero has been underperforming, similar to the broader cryptocurrency market. The technical indicators are also bearish, indicating that the sellers are currently in control.

The RSI of 54 shows that ZRO is heading into the negative territory if the sell-off continues. The MACD lines are also close to switching into the bearish region. 

ZRO/USD 4H Chart

If the sell-off continues, ZRO could drop to the Friday low of $1.85 over the next few hours. Failure to defend this support level could see ZRO retest the monthly low of $1.625.

However, with the positive news coming from the LayerZero ecosystem, ZRO could bounce back and reclaim the first major resistance level at $2.38. An extended bullish run would see ZRO surpass its monthly high and hit $2.60.

The post ZRO targets $2.60 as Stargate approves LayerZero’s acquisition proposal appeared first on CoinJournal.