OGN – Symmetrical Triangle Breakout in Play 🚀
Origin Protocol has been consolidating inside a well-defined symmetrical triangle since June, forming higher lows and lower highs. The price is now attempting a breakout with strong daily momentum (+17%).
🔹 Support Zone: $0.062 – $0.064
🔹 Breakout Level / Resistance: $0.072 – $0.075
Bullish Scenario:
A confirmed breakout above $0.075, accompanied by increased volume, could trigger a strong move higher. The measured move from the triangle projects targets towards $0.12 – $0.125. Key resistance levels to watch along the way:
$0.085
$0.095 – $0.10
Final target: $0.12
Bearish Scenario:
If the breakout fails and price closes back below $0.062, the pattern would be invalidated, with possible pullbacks towards $0.055 and $0.048.
Origin Protocol has been consolidating inside a well-defined symmetrical triangle since June, forming higher lows and lower highs. The price is now attempting a breakout with strong daily momentum (+17%).
🔹 Support Zone: $0.062 – $0.064
🔹 Breakout Level / Resistance: $0.072 – $0.075
Bullish Scenario:
A confirmed breakout above $0.075, accompanied by increased volume, could trigger a strong move higher. The measured move from the triangle projects targets towards $0.12 – $0.125. Key resistance levels to watch along the way:
$0.085
$0.095 – $0.10
Final target: $0.12
Bearish Scenario:
If the breakout fails and price closes back below $0.062, the pattern would be invalidated, with possible pullbacks towards $0.055 and $0.048.
Dagangan aktif
Two days ago, OGN was testing the breakout zone of its symmetrical triangle. Since then, price has confirmed strength with a decisive close above $0.072–$0.075 and continuation today.Volume has expanded, adding conviction to the breakout. The structure now looks increasingly bullish, with the next Fib retracement levels lining up well with upside targets.
🔹 Support Zone (Confirmed Retest Area): $0.072 – $0.075
🔹 Immediate Resistance Levels:
• $0.085 (local high)
• $0.095 – $0.10
• $0.12 (triangle measured move + Fib 0.618 zone)
⚡ Bullish Outlook:
Continuation above $0.085 opens room for acceleration towards $0.095 – $0.10, with $0.12 remaining the major upside target in this breakout.
⚠️ Bearish Invalidations:
If OGN loses the $0.072–$0.075 breakout zone on a daily close, the bullish setup weakens. Below $0.064 would invalidate the breakout entirely and expose $0.055 – $0.048 again.
📊 Bias: Breakout confirmation + volume expansion → bullish momentum intact.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.