Origin Protocol Price Prediction for Today, December 16 – OGN Technical Analysis

Origin Protocol price prediction prepares for an uptrend and the coin crosses the upper border of the channel.

OGN forecast statistical data:

• Current OGN price – $0.157
• OGN market capitalization – $85 million
• OGN Circulation Volume – 570.9 million
• OGN total supply – 1 billion
• OGN Coin Market Cap Ranking – 381st

OGN/USD market

Main level:

Resistance levels: $0.180, $0.190, $0.200

Support levels: $0.120, $0.110, $0.090

OGN/USD appears to be trading above its 9-day and 21-day moving averages as the coin could begin further strength above $0.160 if the market price breaks above the channel upper limit. Moreover, a break through this barrier could be the first signal the bulls need to apply higher pressure.

Origin Protocol Price Prediction: OGN Could Reach $0.160 Resistance

Looking ahead, if the Origin Protocol price continues to rise, the first resistance level could be $0.160, followed by $0.170. However, if the bulls increase the pressure, additional resistance may also be found at $0.180, $0.190, and $0.200. On the other hand, if Origin Protocol price slides towards the lower limit of the channel, it could reach the first support level at $0.140.

However, staying below the moving average could lead to important support levels at $0.120, $0.110, and $0.090. Meanwhile, the 9-day MA is hovering above the 21-day MA, which means buyers may continue to dominate the market, which could mean another signal from OGN could soon push above the channel.

OGN/BTC begins bullish movement

Looking at the daily chart for Bitcoin, we see that the Origin Protocol price is moving towards the upper limit of the channel around 378 SAT. However, as soon as the coin exceeds the channel limit, there is a possibility of additional profits in the long term. So the next resistance key may break above 500 SAT.

Nonetheless, if the bears regroup and cross below the lower border of the channel, the support level at 300 SAT may roll towards significant support below 250 SAT. The 9-day moving average will try to surpass the 21-day moving average as it could signal more bullish signals for the coin.

Alternatives to Origin Protocol

Origin Protocol price has shown a significant upward trend and continues to remain above the 9-day and 21-day moving averages. However, the coin’s current performance suggests a continued upward trend within the channel. Meanwhile, with this positive trajectory, it appears to be only a matter of time before the coin reaches another resistance level, potentially reaching the $0.160 level.

However, Origin Protocol, which has a market capitalization of $85 million, may struggle to make a significant impact on the market due to its size. On the other hand, the newly introduced $BTCMTX token is currently priced at an impressive $5.3 million in the pre-sale phase and has a smaller market cap, which shows great potential. Recognizing the limitations faced by high market capitalization coins, investors are encouraged to explore the innovative features of $BTCMTX to unlock significant growth opportunities in the cryptocurrency landscape.

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more