$OGN has declined by 3.36% in the last 24 hours, showing a continuation of the overall downtrend.
With a recent high at 0.051 and a low at 0.0472, it remains confined within its Bollinger Bands.
Current support at 0.0472 and resistance at 0.0495 indicate tight trading range.
Weak macroeconomic sentiment, particularly regulatory concerns, could further pressure prices.
Bitcoin’s undefined influence suggests that its movements may not be directly affecting OGN currently.
Given the volatility and downtrend, traders might consider a short-term approach for potential quick gains.
Key takeaway: Monitor news closely, as macro factors can shift OGN’s trajectory rapidly.
