Origin Protocol (OGN) Price Prediction: Bullish Breakout or Bull Trap?

Origin Protocol (OGN) has recently captured attention with its steady price climb within a well-defined ascending channel. With crypto markets showing renewed volatility, traders are asking: Is OGN preparing for a breakout, or is this setup a classic bull trap ready to liquidate impatient longs?

Let's break down the technical setup, key support and resistance zones, and what to watch next on OGNUSDT.

OGN Holds Key Support as Price Climbs Above 50 EMA

Since early July, OGN has maintained a solid upward trajectory, forming a clean ascending channel on the daily chart. This structure has seen OGN price respect both ascending resistance and support, making it a textbook trend-following setup.

Currently trading above the 50-day Exponential Moving Average (EMA), OGN is showing signs of strength, using this dynamic support as a springboard for continuation. The $0.058–$0.062 zone has emerged as a critical volume cluster support, where buying interest has been most notable.

Quick Take: Price above the 50 EMA = bullish trend intact. Volume support aligns with current consolidation zone.

Bullish Case: Eyes on $0.076 and $0.092 as Potential Targets

As long as OGN/USDT stays above the demand zone between $0.0499–$0.058, the bullish case remains in play. The structure is being closely watched by technical analysts who point to a potential upside target at $0.076, which previously acted as a pivot zone for sellers.

If buyers break through $0.076 with conviction and rising trading volume, the next key resistance lies at $0.092. This level matches with a high-volume node on the visible range volume profile (VPVR), suggesting heavy historical activity—and likely resistance—around this price.

Key Resistance Levels to Watch:

Minor Resistance: $0.076

Major Resistance: $0.092

Read more: https://24crypto.news/origin-protocol-ogn-price-bullish-breakout-or-bear-trap-ahead-105560