Origin Protocol Price Prediction for Today, December 16 – OGN Technical Analysis

The Origin Protocol price prediction prepares for the uptrend, the coin breaks above the upper boundary of the channel.

OGN Prediction Statistics Data:

• OGN price now – $0.157
• OGN market cap – $85 million
• OGN circulating supply – 570.9 million
• OGN total supply – 1.0 billion
• OGN Coinmarketcap ranking – #381

OGN/USD Market

Key Levels:

Resistance levels: $0.180, $0.190, $0.200

Support levels: $0.120, $0.110, $0.090

OGNUSD – Daily Chart

OGN/USD is seen trading above the 9-day and 21-day moving averages as the coin may kick-start an additional bullish run above $0.160 if the market price crosses above the upper boundary of the channel. Moreover, the break above this barrier could be the first signal needed for a bullish to press higher.

Origin Protocol Price Prediction: OGN May Touch $0.160 Resistance

Looking ahead, if the Origin Protocol price continues to grind higher, the first resistance level may come at $0.160 as this could also be followed by $0.170. However, if the bulls increase the pressure, additional resistance may also be found at $0.180, and $0.190, $0.200. On the other side, if the Origin Protocol price slides toward the lower boundary of the channel, it could hit the first support level at $0.140.

However, staying below the moving averages may lead to the critical support levels at $0.120, $0.110, and $0.090. Meanwhile, the 9-day MA is hovering above the 21-day MA, which indicates the buyers may continue to dominate the market and this, could also mean that another signal of OGN could be pushing back above the channel soon.

OGN/BTC Begins the Bullish Movement

Against Bitcoin, the daily chart shows that the Origin Protocol price is moving toward the upper boundary of the channel around 378 SAT. However, as soon as the coin crosses above the upper boundary of the channel, there is a possibility that additional benefits could be obtained in the long term. Therefore, the next resistance key could even break 500 SAT and above.

OGNBTC – Daily Chart

Nevertheless, if the bears regroup and cross below the lower boundary of the channel, the support level of 300 SAT may play out before rolling to the critical support at 250 SAT and below. The 9-day MA is trying to cross above the 21-day MA as more bullish signals could play out for the coin.

Alternatives to Origin Protocol

The Origin Protocol price has seen substantial increases, consistently maintaining levels above both the 9-day and 21-day moving averages. However, the current performance of the coin suggests a continued upward trend within the channel. Meanwhile, with this positive trajectory, it appears that only a matter of time before the coin reaches another resistance level, potentially hitting the $0.160 level.

However, the Origin Protocol, with an $85 million market cap may struggle to make a significant impact in the market due to its large size. On the other hand, the newly introduced $BTCMTX token, currently at an impressive $5.3 million in the presale stage, stands out with great potential thanks to its smaller market cap. Recognizing the limitations faced by high-market-cap coins, investors are encouraged to explore the innovative features of $BTCMTX for substantial growth opportunities in the crypto landscape.