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The Origin Protocol price prediction is getting ready to cross above the 9-day moving average as the market ranges.
Origin Protocol Proposes Merger of OGN and OGV to Elevate Ethereum Staking
Origin Protocol, a prominent figure in the decentralized finance (DeFi) space, has suggested a strategic merger between its Origin DeFi Governance (OGV) token and its native DeFi Ethereum token, OGN. This proposal, supported by notable stakeholders including Reddit Co-Founder Alexis Ohanian and YouTube Co-Founder Steve Chen, aims to unify their offerings into a single token. This unified token will empower users to earn crypto rewards for staking Ethereum directly
Origin Protocol Prediction Statistics Data:
- Origin Protocol price now – $0.21
- Origin Protocol market cap – $121.8 million
- Origin Protocol circulating supply – 578.1 million
- Origin Protocol total supply – 1 billion
- Origin Protocol Coinmarketcap ranking – #423
OGN/USD Market
Key Levels:
Resistance levels: $0.27, $0.29, $0.31
Support levels: $0.15, $0.13, $0.11
OGN/USD is currently ranging around $0.21, and it is likely to climb above the 9-day and 21-day moving averages if the bulls increase the pressure. However, the Origin Protocol price has been moving sideways for the past few weeks, and the coin is now struggling to cross above the moving averages. The Origin Protocol price is likely to face the downside as the red line of the 9-day moving average could make a cross below the green line of the 21-day moving average.
Origin Protocol Price Prediction: Origin Protocol (OGN) May Keep Moving Sideways
According to the daily chart, if the Origin Protocol price breaks and remains above the 9-day and 21-day moving averages; it could hit the nearest resistance level of $0.24. However, a successful break above this level could open the doors for an additional increase to the $26 level. In the meantime, any further bullish movement could push the coin to the potential resistance levels of $0.27, $0.29, and $0.31.
Moreover, as the 9-day MA moves to cross below the 21-day MA, the nearest support could be found at the $0.17 level. If there is a bearish break below this support, OGN/USD could test another support before breaking the lower boundary of the channel. However, any further losses could lead the price towards the support levels of $0.15, $0.13, and $0.11.
OGN/BTC Could Move Higher
Against Bitcoin, the Origin Protocol price is moving bullishly as the coin hovers around 324 SAT. However, if the price slides and crosses below the lower boundary of the channel, there is a possibility that additional support may be created in the long term. On that note, the next support level below the current price is close to the 270 SAT. Moreover, if the price keeps falling, it could hit the critical support at 265 SAT and below.
On the contrary, if the bulls continue to dominate the market, a bullish movement above the upper boundary of the channel may play out and the potential resistance level could be located at 380 and above while the 9-day moving average could make a bullish cross above the 21-day moving average, which could suggest an upward movement.
In the latest update, @JavonTM1 shared with his extensive following of over 36k on X (formerly Twitter) that $OGN (Origin Token) continues to show promising signs, potentially offering more than a 3X return. After breaking out, prices have surged approximately +102%, and with a target set at $0.67549448, there’s potential for another +204% upside in-store!
$OGN (Origin Token) remains here with a more than 3X potential with prices holding broken out.
Prices are up roughly +102% since breaking out and with a target at $0.67549448, another +204% upside can be on the way! https://t.co/90AYQxlV0p pic.twitter.com/Sk3sBcLS6f
— JAVON⚡️MARKS (@JavonTM1) April 3, 2024
Origin Protocol Alternatives
The Origin Protocol price has exceeded significant moving averages, signaling a bullish trajectory targeting $0.230 and above. While Origin Protocol strives for further gains with a market cap of $121.8 million, ranking 423rd in the crypto market, its large market cap may hinder substantial profits. However, Bitcoin Minetrix introduces a stake-to-mine program, allowing users to stake BTCMTX tokens to earn credits for cloud mining. With the presale already raising over $12.8 million, traders are encouraged to explore investment opportunities.
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