TA- Origin Protocol (OGN) Struggles – OGN Eyes Double Digit Gain

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,644,917,874	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,644,917,874

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000238	-0.20%	0.120838	0.12085	0.120875

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000238

-0.20%

0.120838

0.12085

0.120875

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.12137	0.120814	0.121076	0.121076	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.12137

0.120814

0.121076

- - -

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	04:23:01	61.34	0.120838	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

04:23:01

61.34

0.120838

USD

Price x Volume	Volume	Base Symbol	Related Pairs
11,581.53	95,607.24	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

11,581.53

95,607.24

TA- Origin Protocol (OGN) Struggles – OGN Eyes Double Digit Gain

16/08/2022 9:00pm

NEWSBTC

The price of Origin Protocol (OGN) has struggled to break out of a range recently with few bullish signs against Tether (USDT). Origin Protocol could be set for a major rally after narrowly breaking out above key resistance as other crypto assets continue to trend higher with double-digit gains. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Origin Protocol (OGN) Price Analysis On The Weekly Chart From the chart, the price of OGN saw a weekly low of $0.188, which bounced from that area and rallied to a price of $0.24. The price has struggled to build more momentum as it faces resistance at $0.24. If the price of OGN on the weekly chart continues with this structure, it could quickly revisit $0.2 acting as a good support area for buy bids. Weekly resistance for the price of OGN – $0.24. Weekly support for the price of OGN – $0.2. Price Analysis Of Origin Protocol On The Daily (1D) Chart The price of OGN found strong support at $0.2, with what seems to be an area of interest on the daily chart. OGN bounced from its support and has rallied as it faces resistance at $0.24. The price of OGN has continued to range in a channel, breaking out of this channel could send the price of OGN to $0.4 where it will face a major resistance before trending higher in price. At the point of writing, the price of OGN is at $0.2440, narrowly above the 50 Exponential Moving Average (EMA) which corresponds to $0.240. OGN needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of OGN to $0.2 The Relative Strength Index (RSI) for the price of OGN on the daily chart is above 40, indicating a low buy bid for OGN. Daily (1D) resistance for OGN price – $0.2440. Daily (1D) support for OGN price – $0.20. Price Analysis OF OGN On The Four-Hourly (4H) Chart The price of OGN is having a hard time breaking out the ranging channel, where it faces resistance at $0.2440. On the low timeframe, the price of OGN has remained strong above the 50 and 200 EMA which corresponds to the price of $0.22 acting as support for OGN price. OGN holding above those important regions is good for a trend continuation. If OGN fails to hold this support due to a sell-off we could see the price of OGN in the region of $0.25. Four-Hourly (4H) resistance for OGN price – $0.244. Four-Hourly (4H) support for OGN price – $0.22. Related Reading: Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000? Featured image from currency, Charts from TradingView.com

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