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With Origin Protocol’s daily market witnessing an increase of over 12%, this shows that the market has moved significantly. Furthermore, with such a considerable price increase, there will surely be a reaction to that effect. Let’s zoom in for more insights.
Key OGN Statistics:
Current Origin Protocol Value: $0.1536
Origin Protocol Market Cap: $83,607,215
OGN Circulating Supply: 570,989,366
Total Supply of Origin Protocol: 1,000,000,000
OGN CoinMarketCap Ranking: 389
Key Price Levels:
Resistance: $0.1536, $0.1600, and $0.1700
Support: $0.1500, $0.1400, and $0.1300
Origin Protocol Eyes the $0.1600 Mark
There has been a significant price increase in the Origin Protocol Market today. The ongoing session has seen a substantial leap off the lowest limit and the middle limit of the Bollinger Bands.
At this point, the ongoing session has pushed the uppermost limit of the Bollinger Bands. This seems to signal that this market is highly volatile. In response to this, the Relative Strength Index (RSI) has delivered a bullish crossover just below the 50 mark of the indicator. Interestingly, the crossover is at its initial stage despite the considerable price increase seen in this session. Therefore, it appears that prices may climb higher in the ongoing session.
OGN Bulls Are Dominating
The OGN 4-hour market has clearly demonstrated how buyers have managed to remain in control. Also, its price action has continued to charge upward with increasing momentum considering the length of the price candle since three sessions ago.
Likewise, the RSI lines have continued to trend upward, with the leading line now deep into the oversold region. Consequently, this suggests anticipating a correction through the $0.1600 resistance price level, which seems very much like a fair prediction.
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