Origin Protocol Announces OGN Token Merger and Unveils Multi-Chain Yield Product Roadmap
Origin Protocol (OGN) token holders have proposed a governance proposal to merge Origin DeFi Governance (OGV) with OGN. The lesser-known token OGV has seen a massive appreciation of over 100% in the last month, driven by an increase in the protocol’s revenue and total value locked.
OGN forecast statistics:
OGN current price - $0.104
OGN Market Cap- $61.6 million
OGN Circulating Supply - 587.1 Million
OGN Total Supply - 1.4 billion
OGN ranking on Coinmarketcap - #489
OGN/USD Market
Key Levels:
Resistance Levels: $0.160, $0.165, $0.170
Support Levels: $0.055, $0.050, $0.045
OGNUSD - Daily Chart
It looks like OGN/USD is trading close to the 9-day and 21-day moving averages and if the market price moves above the moving averages, the coin could initiate a bullish run above $0.105. However, breaking above this barrier could be the first signal needed for the bullish climb to continue.
Origin Protocol Price Prediction: What to Expect from Origin Protocol
Looking to the upside, if the Origin Protocol price continues to rise, it may first encounter the resistance level of $0.110 and may subsequently reach $0.120. Further resistance may appear at $0.160, $0.165, and $0.170. Conversely, if the Origin Protocol price falls below the lower boundary of the channel, it may reach the first support level of $0.100.
However, if the market remains below the channel, it could lead to key support levels of $0.055, $0.050, and $0.045. Additionally, the 9-day moving average may need to cross above the 21-day moving average, which could mean that buyers may enter the market, suggesting that OGN could soon re-cross above $0.105.
OGN/BTC may move upward
According to Bitcoin’s daily chart, Origin Protocol price could target the 21-day moving average before breaking above the 9-day moving average. If the coin achieves a bullish crossover above these moving averages, it could see additional long-term gains, with the next key resistance level at 225 SAT and above.
However, if the bears regroup and push the price below the lower boundary of the channel, the support level at 120 SAT might get tested and then it might drop to the critical support level of 110 SAT and below. Meanwhile, the 9-day moving average is likely to remain below the 21-day moving average, which suggests that more bearish signals might be in the offing.
Additionally, @CryptoBull_360 on X (formerly Twitter) told his 3,000+ followers that #OGN is ready to break out. According to his analysis, current market conditions and technical indicators suggest that a major up move could be in the offing. He recommends keeping a close eye on #OGN as it approaches a key resistance level, suggesting a good investment opportunity could be on the horizon. Don't miss out on this exciting opportunity!
Origin Protocol Alternatives
Origin Protocol price has been stuck below the 9-day and 21-day moving averages. This suggests that OGN/USD could see a bullish run soon. If it starts to rise, it is only a matter of time before it breaks through the next resistance level of $0.105. On the other hand, while many popular tokens are facing a downturn, the $PLAY token remains strong due to its unusually low pre-sale price and a strong “buy” rating. It has already accumulated nearly $5 million in gains. Investors should make wise decisions and make sure to buy this token before it goes public.
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