Follow Us

Analyst Javon Marks’ Bullish Overview Of Origin Protocol (OGN)

Share on facebook
Share on twitter
Share on linkedin

Share

Javon Marks
Share on facebook
Share on twitter
Share on linkedin

The crypto analyst Javon Marks has predicted a bullish forecast for OGN. In his recent post on X, Javon explained that Origin Protocol (OGN) prices are currently showing significant strength, accompanied by a noticeable increase in buying volume. Furthermore, the price has broken out of a long-standing resistance trend, lasting approximately 882 days.

Moreover, as the prices sustain above this resistance trend, there is a potential for a further +1,422% increase towards the $2.6334 breakout target. Javon suggests that this upward movement may just be in its early stages.

Origin Protocol (OGN) Breakout Above The Key EMAs

Origin Protocol price gave a breakout above the key exponential moving averages with some strong candles showcasing that buyers are back in OGN with a bang.

Origin Protocol is a developer of web3 technologies aiming to make non-fungible tokens (NFTs) and decentralized finance (DeFi) accessible to a broader audience. 

The protocol’s unique tools and various partnerships play a crucial role in achieving these objectives. Origin Protocol has two main products: Origin Story (governed by OGN) and Origin Dollar (governed by OGV).

As of the latest update, Origin Protocol was trading at $0.1901, showing an intraday increase of 8.93%. Over the year, it has experienced approximately 108% returns, with a 39% gain in the last week, indicating a strong bullish trend.

Furthermore, based on the technical summary from TradingView, only one indicator signals a sell, while 8 indicate neutral and 17 indicate a buy. Overall, the weightage leans towards the buying side, suggesting positive momentum.

Summary

Crypto analyst Javon Marks predicts a bullish forecast for Origin Protocol (OGN), citing significant strength in OGN prices and a noticeable increase in buying volume. The prices have broken out of a long-standing resistance trend, and there is potential for a further +1,422% increase towards the $2.6334 breakout target.

OGN’s price has also given a breakout above the key exponential moving averages, with strong candles showcasing buyer support. According to the technical summary from TradingView, most indicators are leaning towards the buying side, suggesting positive momentum.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00