Price action in the Origin Protocol has finally surpassed the $0.1000 threshold. Furthermore, by the look of signs arising from technical indicators and price behavior, it is clear that bulls have enough momentum to extend the upside correction a bit further at this point.
OGN Statistics:
Origin Protocol Value Now: $0.1061
Origin Protocol Market Cap: $59,751,719
OGN Circulating Supply: 559,994,043
Origin Protocol Total Supply: 1,000,000,000
OGN CoinMarketCap Ranking: 330
Major Price Levels:
Top: $0.1061, $0.1100, and $0.1150
Base: $0.1000, $0.0950, and $0.0900
Origin Protocol Bulls Are Dominant
There was a significant price surge in the previous session in the Origin Protocol daily market. Consequently, this caused price action to pop through the resistance at the 38.20 Fibonacci Retracement level.
Additionally, a new session has begun above this price mark, with buyers taking the lead, indicating that the token’s price may continue towards higher marks. The Relative Strength Index (RSI) lines remain below the 80 mark, while there is a significant distance between the leading and lagging lines. This indicates that buyers aren’t exhausted yet and have the chance to approach higher price marks in this market.
OGN Price Action Quickly Recovers from Headwinds
Price action in the OGNUSDT 4-hour market has revealed how buyers have quickly defeated a downward rejection. As a result, price movements have refocused towards higher marks. This can be observed as a new green price candle has appeared above the upper limit of the Bollinger Bands indicator.
Meanwhile, the RSI indicator lines have delivered a bearish crossover following the previous rejection in the market. However, with buyers exerting some bullish pressure, further price downward correction will be prevented, and prices may continue towards the $0.1050 mark..
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