Origin Protocol Price Prediction for Today, January 3

Origin Protocol Price Prediction for Today, January 3 – OGN Technical Analysis

Updated: 03 January 2024

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The Origin Protocol price prediction keeps moving sideways, with the coin poised technically and fundamentally to surpass the $0.200 level.

OGN Prediction Statistics Data:

OGN price now – $0.160
OGN market cap – $93 million
OGN circulating supply – 571.5 million
OGN total supply – 1 billion
OGN Coinmarketcap ranking – #376

OGN/USD Market

Key Levels:

Resistance levels: $0.220, $0.230, $0.240

Support levels: $0.100, $0.090, $0.080

Origin Protocol Price Prediction for Today, January 3 – OGN Technical Analysis — OGNUSD – Daily Chart

OGN/USD has surged past both the 9-day and 21-day moving averages, approaching the key resistance level of $0.200. Should the market price exceed the upper boundary of this channel, it could pave the way for further gains driven by bullish momentum. Moreover, breaking above this channel serves as an initial bullish indicator, signaling potential upward movement.

Origin Protocol Price Prediction: Origin Protocol Gets Ready for Another Spike

According to the channel, the Origin Protocol price may reclaim the previous resistance level of $0.183 if the bulls increase the pressure. Therefore, if the buyers continue to grind higher, the first resistance level may come at $0.200 as this could also be followed by $0.210. However, additional resistance may also be found at $0.220, $0.230, and $0.240 respectively. On the other side, if the Origin Protocol price slides below the lower boundary of the channel, it could hit the first support level at $0.060.

Nevertheless, sliding below the moving averages may lead to the critical support levels at $0.100, $0.090, and $0.080. Meanwhile, the 9-day MA still hovering above the 21-day MA, which indicates the buyers are attempting to step into the market and this, could also mean that another signal of OGN could be pushing back above $0.080 soon.

OGN/BTC Could Move Bearishly

Against Bitcoin, the daily chart shows that the Origin Protocol price could spike above the upper boundary of the channel. However, as much as the coin crosses above the 9-day and 21-day MAs, there is a possibility that additional benefits could be obtained in the long term. Therefore, the next resistance key above the resistance level of 450 SAT could even break 460 SAT and above.

Moreover, if the bears regroup and cross below the lower boundary of the channel, the support level of 280 SAT may play out before rolling to the critical support at 250 SAT and below. Meanwhile, the 9-day moving average stays above the 21-day moving average as more bullish signals could play out.

Origin Protocol Alternatives

Currently, the Origin Protocol price has surged by 3.65%, positioning itself above the 9-day and 21-day moving averages. Nonetheless, it’s essential to exercise caution, given the recent candle patterns. Although they acknowledge the upward trend, there’s a potential risk if they dip below these moving averages. On another note, the nearest support level stands at $0.115. Should a bullish momentum emerge, it could propel the price well above the upper boundary of the channel.

Nonetheless, Origin Protocol (OGN) faces challenges with its $93 million market cap, while Bitcoin Minetrix, with a smaller cap, shows significant growth potential in mining. Bitcoin Minetrix, aligned with Bitcoin’s fundamentals, has raised over $7.4 million in its presale, indicating strong support and promising growth. Traders should monitor these factors for informed decisions.

New Crypto Mining Platform - Bitcoin Minetrix

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