<em><strong>OGN prices surpass the long-coming resistance trendline as the buying pressure forms an engulfing candle challenging the 50-day SMA. </strong></em>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>The OGN market price has increased 17.08% over the past 24 hours.</li>
 	<li>The trendline breakout rally faces opposition from the 50-day SMA.</li>
 	<li>The 24-hour trading volume of Origin Protocol is $100 Million, indicating a hike of 67%.</li>
</ul>
<h2>Past Performance of OGN</h2>
OGN prices show a bullish attempt to break above the resistance trendline that has kept the bearish influence over the price trend for two months. The increase in buying pressure near the $0.18 support level resulted in a surge above 15% to surpass the resistance trendline.

<img src="https://s3.tradingview.com/snapshots/f/FKAHZb7R.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/FKAHZb7R/" target="_blank" rel="noopener">Tradingview</a>
<h2>OGN Technical Analysis</h2>
<a href="https://www.cryptoknowmics.com/news/ogn-technical-analysis-buyers-at-0-18-stand-strong-in-bear-market/">OGN</a> prices showcase a boom in buying pressure as the trading volume jumps to support the price jump. Hence, the candle closing above the resistance trendline will likely result in a price jump to $0.30. The crucial SMAs – 50, 100, and 200-days maintain a bearish trend, with the 50-day SMA providing resistance to the breakout attempt. Hence, the breakout of the SMA will result in a high-momentum uptrend.

The <strong>RSI</strong> slope shows an uptrend surpassing the 14-day SMA and preparing a jump above the halfway line. Hence, the indicator shows an increase in the underlying bullishness. The <strong>MACD indicator</strong> shows the fast and slow line trapped in a sideways trend, giving no decisive signal. Hence, the MACD indicator gives a neutral signal at the current market price. nIn a nutshell, the OGN technical analysis forecasts a bullish breakout rally surpassing the $0.30 mark.
<h2>Upcoming Trend</h2>
OGN prices can surpass the overhead resistance at the $0.30 mark if the uptrend surpasses the 50-day SMA. Hence, the breakout rally can reach the $0.40 mark if the buying pressure grows overnight.

<strong>Resistance Levels:</strong> $0.30 and $0.40

<strong>Support Levels:</strong> $0.20 and $0.18

&nbsp;

OGN Technical Analysis: Bearish Breakdown Retest Warns Death Spiral

OGN Technical Analysis shows prices surpassing the long-coming resistance trendline as the buying pressure forms an engulfing candle.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

OGN Technical Analysis: Bearish Breakdown Retest Warns Death Spiral

Top Picks