That peak till 0.001 btc or 11.7 usd was a perfect classical play of the rules of TA, and dito correction was going to happen as I mentioned in my older charts and when bigger players enter the market with only one thought to short the hell out of it.. though one does not believe the outcome could turn so .. but eventually what goes up will go down anyway, no matter what coin.. except binance coin perhaps.. but that's why there are exceptions of-course. A more than 50% retrace and no reaction at a 61.8% looks still to me. Why do I still own 1 btc ONT ... :-| !
One coin that could show ONT's destiny is perhaps 'Selfkey' which did the same in not 3 months, but.. 3 days ! Check it out.. the run up was exactly the same ! Only the correction looks somewhat different.
Ontology looks on the USD chart almost , but on the BTC chart still ... which could signify a bullrun within a week or so... but it could be a small outburst as well, if crypto's interest is still buried for a while.
Remember that trendreversals come when you're about to get desperate and willing to get out... let's still not give up hope !
Market cap is about 50% from what it has been, that's important too to get serious investors on board.