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The Origin Protocol price prediction suggests a bullish movement, indicating that the coin could be technically poised to break above $0.105.
Origin Protocol Announces OGN Token Merger and Reveals Multichain Yield Products Roadmap
Origin Protocol (OGN) token holders have introduced a governance proposal to merge Origin DeFi Governance (OGV) with OGN. The lesser-known token, OGV, saw a significant appreciation of over 100% last month, driven by the protocol’s increasing revenue and total value locked (TVL).
OGN Prediction Statistics Data:
- OGN price now – $0.104
- OGN market cap – $61.6 million
- OGN circulating supply – 587.1 million
- OGN total supply – 1.4 billion
- OGN Coinmarketcap ranking – #489
OGN/USD Market
Key Levels:
Resistance levels: $0.160, $0.165, $0.170
Support levels: $0.055, $0.050, $0.045
OGN/USD is seen trading toward the 9-day and 21-day moving averages as the coin may kick-start a bullish run above $0.105 if the market price crosses above the moving averages. However, the break above this barrier could be the first signal needed for a bullish to press higher.
Origin Protocol Price Prediction: What to Expect from Origin Protocol
Looking at the upside, if the Origin Protocol price continues to rise, the first resistance level may be encountered at $0.110, potentially followed by $0.120. Further resistance could be found at $0.160, $0.165, and $0.170. Conversely, if the Origin Protocol price falls below the lower boundary of the channel, it may reach the first support level at $0.100.
However, for the market to stay below the channel could lead to critical support levels at $0.055, $0.050, and $0.045. Additionally, the 9-day moving average may need to cross above the 21-day moving average which could indicate that buyers might enter the market, suggesting a potential push for OGN back above $0.105 soon.
OGN/BTC May Head to the North
Against Bitcoin, the daily chart indicates that the Origin Protocol price is poised to cross above the 9-day moving average before targeting the 21-day moving average. If the coin achieves a bullish crossover above these moving averages, it could see additional long-term gains, with the next key resistance level at 225 SAT and above.
However, if the bears regroup and push the price below the lower boundary of the channel, the support level at 120 SAT might be tested before potentially falling to the critical support at 110 SAT and below. Meanwhile, the 9-day MA is likely to remain below the 21-day MA, suggesting more bearish signals could emerge.
Furthermore, @CryptoBull_360 advised his 3,000+ followers on X (formerly Twitter) that #OGN is primed for a breakout 🚀🚀🍿. According to his analysis, the current market conditions and technical indicators suggest a significant upward movement is imminent. He recommends keeping a close eye on #OGN as it approaches critical resistance levels, hinting at a potential surge that could present an excellent investment opportunity. Don’t miss out on this exciting prospect!
#OGN price ready for breakout🚀🚀🍿$OGN #OGNUSDT pic.twitter.com/J7N2mmJYG5
— CryptoBull_360 (@CryptoBull_360) January 30, 2024
Alternatives to Origin Protocol
The Origin Protocol price has been lingering below the 9-day and 21-day moving averages. This suggests that OGN/USD might soon see a bullish movement. It’s only a matter of time before this coin hits the next resistance level of $0.105 if it starts to trend upwards. On the other hand, while many popular tokens are facing a downturn, the $PLAY token remains strong with a consistent “buy” rating due to its exceptionally low presale price. It has already amassed nearly $5m in gains. Investors are to make a wise decision by securing the token before its launch day.
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