Origin Protocol Price Prediction for Today, January 3 – OGN Technical Analysis

Origin Protocol price prediction continues to move sideways, with the pair technically and fundamentally poised to surpass the $0.200 level.

OGN forecast statistical data:

• Current OGN price – $0.160
• OGN market capitalization – $93 million
• OGN Circulation Volume – 571.5 million
• OGN total supply – 1 billion
• OGN Coin Market Cap Ranking – 376th

OGN/USD Market

Main level:

Resistance levels: $0.220, $0.230, $0.240

Support levels: $0.100, $0.090, $0.080

OGN/USD surpassed both the 9-day and 21-day moving averages and approached the key resistance level of $0.200. If the market price exceeds the upper limit of this channel, bullish momentum could pave the way for further upside. Moreover, a breakout of this channel serves as an early bullish indicator and signals a potential upward move.

Origin Protocol Price Prediction: Origin Protocol braces for another surge.

According to the channel, Origin Protocol price could retrace the previous resistance level of $0.183 if bulls increase pressure. So, if buyers continue to hold the price higher, the first resistance level could be $0.200 and then $0.210 after that. However, additional resistance can also be seen at $0.220, $0.230, and $0.240, respectively. On the other hand, if the Origin Protocol price falls below the channel lower limit, it could reach the first support level at $0.060.

Nonetheless, a slide below the moving average could lead to important support levels at $0.100, $0.090, and $0.080. Meanwhile, the 9-day MA is still hovering above the 21-day MA, which indicates that buyers are trying to enter the market, which could mean another signal from OGN that a move back above $0.080 could soon occur.

OGN/BTC may be bearish

For Bitcoin, the daily chart shows that the Origin Protocol price could surge above the upper limit of the channel. However, as it exceeds the 9-day moving average and the 21-day moving average, there is a possibility of additional profits in the long term. So, the next resistance key above the resistance level of 450 SAT may also break above 460 SAT.

Moreover, if the bears regroup and cross below the lower boundary of the channel, the support level at 280 SAT could be seen before rolling into important support below 250 SAT. Meanwhile, the 9-day moving average remains above the 21-day moving average as more bullish signals could emerge.

Origin Protocol Alternatives

Currently, the Origin Protocol price has surged 3.65% and is sitting above the 9-day and 21-day moving averages. Nonetheless, caution is needed considering recent candle patterns. We acknowledge the upward trend, but there is potential risk if we fall below the moving average. As another note, the closest support level is $0.115. If bullish momentum emerges, the price may move well beyond the upper boundary of the channel.

Nonetheless, Origin Protocol (OGN) is struggling with a market cap of $93 million, while Bitcoin Minetrix, with a smaller market cap, shows significant growth potential in the mining space. Bitcoin Minetrix, which adheres to Bitcoin’s fundamental principles, has raised over $7.4 million in pre-sales, indicating strong support and promising growth. Traders must monitor these factors to make informed decisions.

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