$OG /USDT on the 4-hour timeframe:
๐ Technical Overview (4H)
Current Price: $3.953
Moving Averages:
MA 7: $3.920
MA 25: $3.886
MA 99: $4.297
๐ป Support Levels
$3.80: Recently tested zone, showing signs of buyer activity.
$3.60: Next key support if selling pressure increases.
$3.40: Important medium-term bottomโtrend stability relies on this level holding.
๐บ Resistance Levels
$4.00: Psychological and technical resistance, currently acting as a ceiling.
$4.30 (MA 99): A breakout above this could signal the start of a short-term bullish trend.
$4.75 โ $5.00: Strong resistance from May, potential target if momentum builds.
๐ก Analysis
OG appears to be forming a local bottom after a prolonged downtrend. It's now attempting to sustain above both the MA 7 and MA 25, which is mildly bullish. However, the MA 99 remains a significant barrier. If volume supports a clean breakout above $4.30, a swift move toward $5.00 is possible. If not, a retest of the $3.80 support zone seems likely.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!