There was a very strong market contest between the OGN/USD bears and bulls on the 13th of august. The market opens in favour of the Bears, but the Bulls later resisted them and almost take over from them. On the 14th of August, the market closed in favour of the bears. But the Bears could not hold their ground for so long. Yesterday a strong bullish pressure managed to take the market away from the bears. Today’s market performance shows a strong bullish candlestick. That means the Bulls have held to the victory that they won yesterday.
Origin Protocol Price Statistic Data:
- OGN/USD price now:- $0.245097356
- OGN/USD market cap :- $95,039,746.99
- OGN/USD circulating supply :- 388 570,733.57OGN
- OGN/USD Total supply:- 1,000,000,000
- OGN/USD coin market ranking: #280
Key Levels
- Resistance:- $0.21641551, $0.23074810, $0.245097356
- Support:- $0.22437806, $0.2188047, $0.19332142
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Origin Protocol Price Prediction: Indicators’ Point of View
The daily chart shows the bullish candlestick popping out of the upper boundary of the Bollinger band. That is a sign of a very bullish market. The market strength measures 59.59% on the Relative Strength Index Chart. But the RSI signal line measures at 51.98%. From the Moving average Convergence and Divergence indicator, it shows OGN/USD bull recovering from a downtrend swing. The histogram measures a difference of 0.00252600. With what the indicators are saying price activities may soon reach the resistance level of $0.25224246
Origin Protocol 4-hour chart outlook
The first four trading sessions of today were characterized by bullish market dominance, although the third and fourth trading sessions were a serious struggle as the bears try to recover their ground. The third and fourth trading sessions were nevertheless considered bullish. The fifth session is bearish, but it is not impressive. The bulls will likely regain their ground in today’s subsequent sessions.
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Source: https://insidebitcoins.com/news/origin-protocol-daily-price-prediction-for-the-16th-of-august-ogn-usd-bulls-takes-the-market