Latest Ontology Gas (ONG) Price Analysis

Deep Dive

1. Staking Discontinuation Impact (Bearish)

Overview: Exodus Wallet halted ONG staking support on July 13, 2025 (Kanalcoin), forcing users to migrate assets. Historical data shows mid-cap tokens often face sell-offs when major platforms drop staking.

What this means: The migration likely increased circulating supply as users unstaked, creating downward price pressure. Reduced staking rewards (Bitvavo’s Flex Staking now offers just 2.9% APY for ONT) further diminish incentive to hold.

2. Liquidity Erosion From Delistings (Bearish)

Overview: EXMO delisted ONG/BTC pairs in April and November 2024, cutting access for retail traders. Only 2.9% of ONG’s $67.3M market cap traded hands in 24h ($1.95M volume), signaling thin order books.

What this means: Low turnover (0.0521) makes ONG prone to volatility from modest sell orders. The 24h volume decline (-20.31% vs. global crypto spot volume) exacerbates slippage risks, deterring larger traders.

3. Technical Resistance Holds (Neutral-Bearish)

Overview: ONG faces resistance at the 50% Fibonacci retracement ($0.16013). Its 30-day SMA ($0.16276) and 200-day SMA ($0.18559) slope downward, confirming a longer-term bear trend.

What this means: The MACD histogram’s weak positive signal (+0.00019) lacks conviction, while RSI (47.72) shows no oversold bounce potential. A close below $0.155 could accelerate declines toward the 78.6% Fib level ($0.15199).

Conclusion

ONG’s dip reflects structural headwinds: reduced staking utility, fragmented liquidity, and technical resistance. While decentralized identity developments (e.g., ONT ID) offer long-term potential, short-term sentiment remains cautious.

Key watch: Can ONG hold the $0.155 support, or will delisting-driven liquidity erosion trigger a retest of June 2025 lows ($0.1459)?

Deep Dive

1. Technical Rebound (Bullish Impact)

Overview: ONG’s RSI-14 hovered near 40.19 (below neutral 50) before the rally, signaling oversold conditions. The price also held above the critical Fibonacci 78.6% retracement level at $0.15252.

What this means: Traders often interpret oversold RSI readings and holding key support as buying opportunities. The bounce from $0.14657 (recent swing low) to $0.153 aligns with this pattern.

What to look out for: Sustained closes above the 7-day SMA ($0.15326) could signal further recovery, while a break below $0.14657 may reignite bearish momentum.

2. Liquidity & Market Sentiment (Mixed Impact)

Overview: Global crypto liquidity surged 12.31% in 24h, with altcoin season sentiment rising 1.59% weekly. However, ONG’s 24h volume of $3.15M remains thin, exposing it to volatility.

What this means: While improved market-wide liquidity provided a tailwind, ONG’s low turnover ratio (4.83%) suggests its rally lacks strong institutional backing. Retail traders likely drove the move.

3. Staking Platform Exodus (Bearish Catalyst Fading)

Overview: Exodus Wallet halted ONG staking in July 2025, forcing asset migration and creating short-term sell pressure.

What this means: The 24h gain may reflect stabilization after the initial shock, as users finalize transitions to alternatives like ONTO Wallet. However, reduced staking accessibility could dampen long-term demand.

Conclusion

ONG’s rebound appears driven by technical factors and fleeting market-wide liquidity, not fundamental improvements. While the $0.152–$0.153 zone offers near-term support, weak volume and staking disruptions limit upside potential.

Key watch: Can ONG hold above its 7-day SMA ($0.15326) amid shifting staking demand and thin liquidity?