OGN USDT 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-USDT. Origin Protocol (OGN) is a decentralized platform that enables the creation of peer-to-peer marketplaces for digital assets. The platform utilizes blockchain technology to provide secure and transparent transactions, allowing users to buy and sell unique digital assets such as collectibles, in-game items, and more. With OGN, creators can monetize their digital assets and build a community around them, creating new opportunities for both creators and buyers within the digital asset space.

Origin Protocol Price Overview:

As of May 14, 2024, Origin Protocol is trading at approximately 0.1247 USDT. Let’s dive into the detailed price action for OGN-USDT:

Origin Protocol (OGNUSDT) faces challenges, trading at 1.25e-01 USDT, as technical analysis signals weakened support and cautionary indicators.

Metric Value
Open (O) 0.1302
High (H) 0.1311
Low (L) 0.1236
Close (C) 0.1247
Volume (C) 11,254,586.00
  • Open (O): The opening price for today’s trading session was approximately 0.1302 USDT.
  • High (H): Origin Protocol reached a daily high of around 0.1311 USDT.
  • Low (L): The daily low for OGN-USDT was approximately 0.1236 USDT.
  • Close (C): At the time of analysis, Origin Protocol is trading near its daily close of 0.1247 USDT.
Metric Value
1D Change (%) -4.30%
3D Change (%) -10.48%
7D Change (%) -12.68%
30D Change (%) -20.52%
90D Change (%) -26.60%
YTD Change (%) -10.86%

Over the past three days, OGNUSDT has dropped by approximately -10.48%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -12.68%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OGNUSDT maintaining a downward trend of approximately -20.52%, despite intermittent fluctuations. Examining the last 90 days, OGNUSDT has witnessed substantial decrease of approximately -26.60%, reflecting strong long-term confidence. Year-to-date, OGNUSDT has steadily declined by around -10.86%, 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-USDT 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 0.41957.
  • Momentum score is -0.2497.

OGN USDT Technical Analysis

Origin Protocol Trading Volume:

The trading volume for Origin Protocol (OGN) over the past 24 hours has been insignificant, with approximately 11,254,586.00 USDT 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-USDT is currently in the low zone, around 38.03159. This suggests that Origin Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Origin Protocol (OGNUSDT) faces challenges, trading at 1.25e-01 USDT, 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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