Origin Protocol Price Prediction for Today, May 16: OGN/USD May Visit $0.080 Support

The Origin Protocol price prediction is trading around the support level of $0.090 as the coin hovers around the 9-day moving average.

Origin Protocol Prediction Statistics Data:

• Origin Protocol price now – $0.090
• Origin Protocol market cap – $49.9 million
• Origin Protocol circulating supply – 508.9 million
• Origin Protocol total supply – 1 billion
• Origin Protocol Coinmarketcap ranking – #395

OGN/USD Market

Key Levels:

Resistance levels: $0.120, $0.130, $0.140

Support levels: $0.060, $0.050, $0.040

Looking at the daily chart, OGN/USD is likely to head to the downside. Though, the Origin Protocol price may be stagnant, trending in a tight trade range as it could move below the key supports. The coin may likely touch the $0.080 support before it could start a new increase, but after struggling to cross above the 9-day moving average, Origin Protocol (OGN) begins a slow and steady decline toward the south. According to the technical indicator, the coin may hit the nearest support at $0.085 to move into a short-term bearish zone.

Origin Protocol Price Prediction: Origin Protocol (OGN) May Stay at the Downside

At the time of writing, the Origin Protocol price is currently exchanging hands at $0.090, and any attempt to make it cross below this level may likely open the doors for more downsides, and the price could spike below the $0.070 support level. However, traders may need to keep their eyes on the $0.100 before creating a new bullish trend at the resistance levels of $0.120, $0.130, and $0.140.

Meanwhile, it is likely for traders to experience a quick buy once the trade reaches the support at $0.080, but, if the price fails to rebound, a bearish breakdown would trigger more selling opportunities for the market, which might cause the price to locate the critical supports at $0.060, $0.050, and $0.040. Meanwhile, the technical indicator Relative Strength Index (14) moves below the 40-level, and Origin Protocol (OGN) may continue to fall more if the bears increase the selling pressure.

Against Bitcoin, the Origin Protocol (OGN) is moving bearishly within the channel. If the selling pressure persists, the Origin Protocol price may bring a new low into the market. Presently, the technical indicator Relative Strength Index (14) is moving below the 35-level; more positive moves may come to play if the coin crosses above the upper boundary of the channel.

However, traders may expect close support below the moving averages at 300 SAT before breaking to 230 SAT and below. If a bullish movement surfaces, validating a break above the 21-day moving average may confirm a bullish movement, and the nearest resistance level may be located at 440 SAT and above.

Alternatives to Origin Protocol

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