Origin Protocol Price Prediction: Downside Risk as Moving Averages Are Tested

Origin Protocol Price Prediction: Downside Risk Ahead

The Origin Protocol price is currently trading at $0.108, but it is facing further downside risk. Here are the key points:

Origin Protocol’s market cap is $61.4 million.
The circulating supply is 559.2 million, with a total supply of 1 billion.
The coin is ranked #327 on Coinmarketcap.
The resistance levels to watch are $0.150, $0.155, and $0.160.
The support levels to keep an eye on are $0.080, $0.075, and $0.070.

Origin Protocol Price Prediction: OGN Price May Move to the South

The Origin Protocol price is currently at $0.108, and it may likely cross below the moving averages, bringing it towards the lower boundary of the channel. Key points:

Traders may consider buying if the coin reaches the support at $0.106.
Resistance levels to watch are $0.150, $0.155, and $0.160.
A bearish breakout could trigger more downfalls, with support levels at $0.080, $0.075, and $0.070.
The Relative Strength Index (14) indicates a potential fall in price.

Origin Protocol Price Against Bitcoin

The Origin Protocol price against Bitcoin is currently moving sideways above the moving averages. Key points:

If a rebound occurs, the coin may face an upward trend towards the resistance level of 500 SAT and above.
If the bulls fail, the coin may fall towards the moving averages and find support at 250 SAT and below.
The Relative Strength Index (14) suggests a sideways movement.

Origin Protocol Alternatives and the Buzz in the Crypto Market

While the Origin Protocol price faces downside risk, there is ongoing buzz in the crypto market around a new meme coin currently in presale. Key points:

The token has raised almost $19 million in the presale.
If the buyers increase pressure and break above the channel, it could signal a bullish run.

Hot Take

The Origin Protocol price is currently facing downward pressure, with the possibility of reaching the lower boundary of the channel. Traders should keep an eye on support and resistance levels to make informed decisions. Additionally, the crypto market is abuzz with a new meme coin that has raised significant funds in its presale, indicating its potential for success.