95% of ONT holders are still in the red despite a 33% increase – Price cap in sight?

• Ontology’s value pump on Monday excited merchants in search of alternatives
• ONT’s on-chain metrics didn’t present excessive exercise and value ranges

Ontology [ONT] on Monday, January 13, up 33.84% in two hours. Open Curiosity soared by greater than 400% as speculators rushed to seek out worthwhile trades.

Supply: ONT/USDT on TradingView

Nevertheless, ONT shortly returned from its pump. It nonetheless has a bullish outlook for the approaching days because the 78.6% retracement degree at $0.246 has been defended on retests. Nevertheless, the OBV suffered a serious blow. The RSI was additionally beneath the impartial 50, indicating bearish momentum.

What are the probabilities of a gradual upward development for Ontology? Nicely, the information obtainable on the time of writing was not encouraging.

Ontology metrics all have one factor in frequent

Supply: InHetBlok

In line with IntoTheBlock, 95.57% of all addresses with ONT have been out of cash. Just below 3.08% was within the cash. This indicated that additional value positive aspects could be met with huge promoting strain. This may be attributable to underwater holders attempting to interrupt even or make a small revenue.

Supply: DefiLlama

The entire worth locked (TVL) of the Ontology chain has been steadily transferring south since Could 2021. the TVL went from $379.09 million in Could 2021 to $8.48 million on the time of writing. This was possible attributable to a lack of investor confidence.

The bear market circumstances of earlier years, mixed with a decline in on-chain exercise, have possible triggered customers to shift their funds to different choices. Regardless of the bullish circumstances of current months, they haven’t reversed, as evidenced by ONT quantity traits.

Supply: Santiment

One other disheartening sight was the regular decline in growth actions. From 2018 to 2022, the development was southward. It has been constantly low since then. Social quantity additionally mirrored value motion traits.

Learn the one from Ontology [ONT] Value forecast 2025-26

The similarity between the statistics is that all of them pointed to a fading L1 chain. Customers haven’t returned to the chain and regardless of the short-term value will increase, buyers are prone to need to look elsewhere for higher alternatives.