OGN/USD Begins a Fresh Increase Toward $0.18 Level

The Origin Protocol price prediction kicked off its rally with a break above the key resistance level of $7.5 as the coin spikes higher.

Origin Protocol Prediction Statistics Data:

• Origin Protocol price now – $0.15
• Origin Protocol market cap – $78.2 million
• Origin Protocol circulating supply – 508.7 million
• Origin Protocol total supply – 1 billion
• Origin Protocol Coinmarketcap ranking – #316

OGN/USD Long-term Trend: Bullish (Daily Chart)

Key Levels:

Resistance levels: $0.18, $0.19, $0.20

Support levels: $0.12, $0.11, $0.10

OGN/USD has been experiencing significant boosts that keep the coin above the 9-day and 21-day moving averages. The current performance of the coin indicates the addition of an upward movement within the channel. Meanwhile, it’s just a matter of time for this coin to reach another resistance level of $0.18 level if it continues to follow the positive direction.

Origin Protocol Price Prediction: What to Expect from Origin Protocol

Since the beginning of this month, the Origin Protocol price has moved from around $0.12, touching the monthly high of $0.17. The ongoing trend may move a little bit higher in the next positive direction, and the coin could reach the nearest resistance level. However, if the buyers put more effort, OGN/USD could hit additional resistance levels at $0.18, $0.19, and $0.20 respectively.

Nonetheless, if the coin crosses below the 9-day and 21-day moving averages, a bearish drop may roll the market back to the downside and the initial support level of $0.13 could be reached. Moreover, any further bearish movement could hit the critical supports at $0.12, $0.11, and $0.10. Moreover, the technical indicator Relative Strength Index (14) is likely to cross into the overbought region, and this could supply more bullish signals to the market.

Against Bitcoin, the Origin Protocol is trading above the 9-day and 21-day moving averages as the price hovers at 697 SAT. The technical indicator Relative Strength Index (14) is moving within the overbought region as the signal line faces the north. However, the daily chart reveals that the buyers may continue to dominate the market if the market price rises above 800 SAT.

On that note, the potential resistance level could be located at 900 SAT and above. Meanwhile, a lower sustainable move may likely cancel the bullish pattern, and it could attract new sellers to the market, which could bring the OGN/USD below the 9-day and 21-day moving averages to hit the support level of 500 SAT and below.

Origin Protocol Alternatives

The Origin Protocol price has been trading within an ascending trendline over the past week; currently, the coin has broken out of the trendline but has maintained bullish momentum. Meanwhile, the MEMAG token has achieved $4.5m in its presale as this will provide excellent retail trading tools to the traders.