OGN BTC Origin Protocol Technical Analysis

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By Frans van Elst

Origin Protocol logo In this Origin Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for OGN-BTC. Origin Protocol (OGN) is a decentralized platform that enables the creation of peer-to-peer marketplaces for digital assets. OGN’s native cryptocurrency powers these marketplaces and provides users with secure, transparent, and censorship-resistant transactions. With OGN, creators can monetize their digital assets and build sustainable businesses on the platform.

Origin Protocol Price Overview:

As of July 08, 2024, Origin Protocol is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for OGN-BTC:

Origin Protocol (OGNBTC) faces challenges, trading at 1.53e-06 BTC, as technical analysis signals weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 279,546.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): Origin Protocol reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for OGN-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, Origin Protocol is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) 4.79%
3D Change (%) 6.25%
7D Change (%) -4.97%
30D Change (%) -21.13%
90D Change (%) -53.21%
YTD Change (%) -53.64%

Over the past three days, OGNBTC has increased by approximately 6.25%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OGNBTC maintaining a downward trend of approximately -21.13%, despite intermittent fluctuations. Examining the last 90 days, OGNBTC has witnessed substantial drop of approximately -53.21%, reflecting strong long-term confidence. Year-to-date, OGNBTC has steadily decreased by around -53.64%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Origin Protocol Live Chart:

You can access a live price chart for OGN-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.59692.
  • Momentum score is -0.06707.

OGN BTC Technical Analysis

Origin Protocol Trading Volume:

The trading volume for Origin Protocol (OGN) over the past 24 hours has been insignificant, with approximately 279,546.00 BTC traded against OGN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): OGN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Origin Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for OGN-BTC is currently in the low zone, around 37.5442. This suggests that Origin Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Origin Protocol (OGN-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Origin Protocol (OGNBTC) faces challenges, trading at 1.53e-06 BTC, as technical analysis signals weakened support and cautionary indicators.

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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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