{"id":132753,"date":"2020-12-24T03:00:04","date_gmt":"2020-12-23T21:30:04","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=132753"},"modified":"2020-12-23T19:37:23","modified_gmt":"2020-12-23T14:07:23","slug":"bitcoin-sv-ontology-compound-price-analysis-23-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-sv-ontology-compound-price-analysis-23-december\/","title":{"rendered":"Bitcoin SV, Ontology, Compound Price Analysis: 23 December"},"content":{"rendered":"

Altcoins Bitcoin SV, Ontology, and Compound were trading in the red at press time, unable to sustain recent levels that were set after Bitcoin’s<\/a> momentous $23K price breach.<\/p>\n

Bitcoin SV [BSV]<\/strong><\/h4>\n
\"\"
Source: BSV\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

So far, December has been a rough month for Bitcoin SV as it has been unable to sustain the level it had reached during the end of November. Resistance at $195.37 has formed a formidable front that has prevented prices from breaching beyond their November levels. At press time, Bitcoin SV was trading at $164.2, down 1.45% in the last 24 hours, and against the movement of crypto leader, Bitcoin. BSV had been consolidating since late November and was currently trading between the channel $164.74 and $174.19. In the near future, prices could fall below support at $163.71 and test the next support level at $155.43.<\/p>\n

The Relative Strength Index<\/strong> implied bearishness for BSV. The index had been steadily declining over the past few days and was now lingering just above the oversold zone.<\/p>\n

The MACD<\/strong> also indicated that bears had a strong grip over the market, as the red bars on the histogram started to increase once again during the last two sessions.<\/p>\n

Ontology [ONT]<\/strong><\/h4>\n
\"\"
Source: ONT\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

Similar to BSV, Ontology was unable to revisit the levels it reached at the end of November. In fact, the crypto asset was in a clear downtrend, indicated by the lower highs and higher lows it had formed since late November. The losses in December diminished the monthly returns for ONT by 20.6%.<\/p>\n

During the last few sessions, prices fell below support at $0.50 and headed towards the next support at $0.46. In the short term, prices could very well test support at $0.46 and trade within the channel of its immediate resistance and support.<\/p>\n

The Awesome Oscillator<\/strong> showed that a reversal in bearish momentum was swiftly put to a halt, as the index registered a red bar towards the end of the session.<\/p>\n

Chaikin Money Flow<\/strong> also indicated a lack of buyers in the market, with capital outflows steadily increasing since 20 December.<\/p>\n

Compound [COMP]<\/strong><\/h4>\n
\"\"
Source: COMP\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

Like BSV and ONT, Compound also moved into negative territory, down by over 6% in the last 24 hours. However, the cryptocurrency fared decently in December in comparison to last month, with monthly returns up 8.8%. Price started to consolidate during mid-December, as the crypto asset went through a price correction. Currently, in a downtrend, COMP could trade lower, between the channel $114.98 and $132.82, in the short term.<\/p>\n

The Parabolic SAR<\/strong> indicated that bears asserted their dominance once again on the market after a brief bull run. The indicator signaled that a further pullback in prices could take place, where support at $115 could be tested.<\/p>\n

The On Balance Volume<\/strong> was on a steady downfall since early December, showing a lack of buyers and sellers in the market for the crypto asset.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Altcoins Bitcoin SV, Ontology, and Compound were trading in the red at press time, unable to sustain recent levels that were set after Bitcoin’s momentous $23K price breach. Bitcoin SV [BSV] So far, December has been a rough month for Bitcoin SV as it has been unable to sustain the level it had reached duringContinue reading “Bitcoin SV, Ontology, Compound Price Analysis: 23 December”<\/span><\/a><\/p>\n","protected":false},"author":37,"featured_media":132787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-132753","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nBitcoin SV, Ontology, Compound Price Analysis: 23 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Altcoins Bitcoin SV, Ontology, and Compound were trading in the red territory at press time, unable to sustain recent levels...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/bitcoin-sv-ontology-compound-price-analysis-23-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin SV, Ontology, Compound Price Analysis: 23 December - 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