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The ongoing session has been particularly profitable in the Origin Protocol market. This is evident as prices surge through key price levels. As a result, the coin has a good chance of possibly seeing higher ground. Other applied technical indicators remain positive about this opinion as of the time of writing.
OGN Statistics:
Current OGN Value: $0.2238
Origin Protocol Market Cap: $134 million
Origin Protocol Circulating Supply: 578 million
OGN Total Supply: 1 billion
Origin Protocol CoinMarketCap Rank: 401
Key Price Levels:
Resistance: $0.2238, $0.2400, and $0.2600
Support: $0.2200, $0.2000, and $0.1800
OGN Bulls Stand Firmly Above the 38.20 Fibonacci Retracement Level
As earlier noted, the Origin Protocol daily market can be seen standing solidly above the $0.1976 price level. As of the time of writing, the market has only witnessed minor contractions, visible through the upper and lower shadows of the last price candle on this chart.
Nevertheless, we can see that market activities now occur above the crossed Guppy Multiple Moving Average (GMMA) lines. Meanwhile, the Relative Strength (RSI) Index indicator lines are approaching a bullish crossover near the 50 level of the indicator. This seems to hold good prospects for this coin, as more traders may keep using bullish crypto signals in this market.
Origin Protocol Approaches the 23.60 Fibonacci Retracement Level
In the OGN 4-hour market, it could be seen that price action is now approaching the level that once proved strong and therefore caused a rejection. However, the ongoing session has taken up the challenge of trying to break that resistance.
The last price candle here could be seen standing above the crossed GMMA lines. Technically, this may offer some upside momentum to price movement. Additionally, the Average True Range indicator line has an upward bearing, revealing that the market is in an uptrend. Consequently, traders can expect that the market may approach the $0.2400 mark.
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