Origin Protocol (OGN) Stands Out

The price of the Origin Protocol token has surged by an impressive 11.47%. This positions the token as the only coin on the list of best-performing assets. Yet, upside forces still appear poised to deliver further gains in this market.

OGN Market Statistics

Current Price: $0.07781

Market Capitalization: $49.21M

Circulating Supply: 672.82M

Total Supply: 1.4B

CoinMarketCap Rank: 575

Key Price Levels

Resistance: $0.0800, $0.1000, $0.1200

Support: $0.07500, $0.06000, $0.0450

Origin Protocol Price Surge Is Pushing Limits

The OGN market has been moving toward higher price levels over recent sessions. This began with a rise in volatility within price action, eventually resulting in the ongoing upside move. The latest price candle on the daily chart is pushing against the upper boundary of the Bollinger Bands (BB) indicator.

Consequently, the BB terminal itself has a slight upward slope while remaining well diverged. Also, despite the strong price increase, downward forces delivered a modest pullback, visible in the upper shadow of the last price candle. Meanwhile, the Stochastic Relative Strength Index (SRSI) is converging toward a bullish reversal.

OGN Upside Move Seems to Be Regaining Momentum

On the Origin Protocol 4-hour chart, price movement appears to be regaining bullish momentum. The previous session ended in favor of the bulls but faced a notable pullback. However, the ongoing session seems set to advance bullish sentiment.

Consequently, the market continues to push against higher levels. Similarly, the SRSI lines are pointing steeply upward into the overbought region. The distance between the leading and lagging lines of the indicator suggests strong volatility, an important factor for rapid upside movement toward the $0.0900 price level.

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