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NewsBTC 2022-08-16 20:00:36

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

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...