Analyst Javon Marks’ Bullish Overview Of Origin Protocol (OGN)
OGN
OUSD
2024
2024
STORY
- 1 Origin Protocol price gave a breakout above the key moving averages as buyers supported the crypto.
- 2 Analysts are looking bullish on the OGN and gave a positive forecast on the asset.
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.
$OGN (Origin Protocol)'s prices are currently climbing here with MAJOR STRENGTH and a notable rising buying volume while holding broken out of a roughly 882 day resisting trend.
— JAVON
As prices hold free of this resisting trend, an additional +1,422% run from here to the $2.6334… pic.twitter.com/JOfAIRFkELMARKS (@JavonTM1) May 24, 2024
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.
