OGN/USD May Gear up for Recovery Above $0.085

On Jul 9, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The Origin Protocol price prediction reveals that OGN may begin to form higher as the bears could lose grip over the coin.

Origin Protocol Statistics Data:

Origin Protocol price now – $0.083
Origin Protocol market cap – $41.6 million
Origin Protocol circulating supply – 509.7 million
Origin Protocol total supply – 1 billion
Origin Protocol Coinmarketcap ranking – #401

OGN/USD Market

Key Levels:

Resistance levels: $0.105, $0.110, $0.115

Support levels: $0.065, $0.060, $0.055

OGNUSD – Daily Chart

OGN/USD is attempting to cross above the upper boundary of the channel while the $0.080 support level remains the critical support where the price has been holding for some time now. However, since a few days ago, OGN/USD has been trading above the 9-day and 21-day moving averages but has yet to cross above the channel.

Origin Protocol Price Prediction: Will Origin Protocol Move Higher?

The Origin Protocol price may begin to rise and could probably cross above the channel if the bulls defend the $0.083 support level. Therefore, any further bullish movement above the channel may push the market price to the potential resistance levels of $0.105, $0.110, and $0.115.

Meanwhile, this technical prediction could be invalidated if the bears break below the moving averages, and further bearish movement may reach the support levels of $0.065, $0.060, and $0.055. Moreover, the technical indicator Relative Strength Index (14) is moving above the 50-level to keep the coin in the next positive direction.

Against Bitcoin, the Origin Protocol price is hovering above the 9-day and 21-day moving averages with a major resistance level at 300 SAT. However, the long-term moving averages may keep the bullish movement as the market is starting a new trend by heading toward the upper boundary of the channel.

Nonetheless, if the buyers push the price to the upside, higher resistance could be located at 350 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, indicating that buyers are coming to play. Moreover, should the bulls fail to move the current market value to the upside, the bears may step into the market, and the nearest support level could be located at 350 SAT and below.

Alternatives to Origin Protocol

Since the beginning of this month, the Origin Protocol price has been increasing. The ongoing trend may move a little bit higher in the next positive direction, and the coin could reach the nearest resistance level above the upper boundary of the channel. However, if the buyers put in more effort, OGN/USD could create additional gains.

Meanwhile, the Wall Street Memes Token ($WSM) has become one of the most successful tokens of the year. By leveraging a massive community behind it, the token is speeding through a highly successful presale at the moment. as almost $13 million has been raised so far.

Wall Street Memes – Next Big Crypto