$OG Testing Resistance Near $16.60, Eyes on $17 Breakout
OG Fan Token is trading at $16.583 (+9.97%), continuing its strong uptrend after hitting a 24h high of $17.20. Price is consolidating just below the $16.60–$16.65 resistance zone, with bullish momentum building for a possible breakout toward the $17 mark. However, the order book shows 74.68% sell-side dominance, signaling potential short-term profit-taking.
Key Levels to Watch
• Resistance: $16.60 — $17.00 — Break above could push toward $17.20 and $17.50.
• Support: $16.00 — Holding above keeps bulls in control; below this, $15.50 is the next downside level.
Trade Setup
Bullish Scenario:
• Condition: Break and hold above $16.60.
• Targets:
• TP1: $17.00
• TP2: $17.20
Bearish Scenario:
• Condition: Failure to break $16.60 and drop below $16.00.
• Targets:
• TP1: $15.80
• TP2: $15.50
Despite heavy sell pressure in the order book, the price action remains bullish as long as OG holds above $16.00. A decisive $17 breakout could trigger further upside.
