In addition to the impact of the buyback program (Buyback Blitz):$OGN

Current technical analysis

1. Overall technical analysis rating (Technical Ratings)

Investing.com shows a very strong overall rating in favor of buying (Strong Buy):

RSI≈71.3, buy signals.

MACD is positive (≈0.004) supporting the buying trend.

Moving averages (MA5, MA10, MA20, MA50, MA100, MA200) all indicate buying.

From Bitget:

Technical rating: Strong Buy based on 18 buy signals against 0 neutral and 7, with most averages and oscillators indicating buy.

TradingView also shows a Strong Buy rating for the OGN/USDT platform.

2. Specific technical indicators

RSI (14 days):

CoinMarketCap AI: RSI≈65.8, close to the overbought zone but still room for upward movement.

CoinLore: RSI≈72.4, which may indicate entering a temporary overbought phase.

MACD:

Positive: CoinMarketCap AI states that MACD is positive and witnessing a bullish turn.

Bitget: MACD≈0.001446 – buy signal.

AInvest analysis (past days):

The OGN token saw a jump to ~$ 0.0774 then dropped, with a reversal through a 'bearish engulfing' candle pattern at ~0.075, which may indicate resistance.

RSI exceeded 75 and then retraced to the mid-fifties, indicating a decline in momentum.

MACD started to turn downward after the movement retraced.

3. Important technical levels

CoinLore identifies a key resistance at ~$ 0.0935, and support at ~$ 0.0741; breaking support could lead to further declines.

CoinMarketCap AI: The price exceeded the 50-day SMA (~$0.0614), with a surge in trading volume (+718%) supporting the bullish breakout; the next targets are between $0.085 and $0.103 if it holds above Fibonacci levels (~23.6% at $0.072).

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Impact of Buyback Blitz and the buyback program

The Buyback Blitz program launched between July 21 and August 1, 2025, where Origin Protocol doubled its purchases to $200,000 weekly of OGN, creating strong buying pressure and contributing to reducing the circulating supply and increasing demand.

CoinMarketCap AI: From July 4 until now, total OGN purchases exceeded $3M, which helped reduce supply and stimulate profits for investors.

Messari.io confirms that the protocol spent over $420,000 in July to buy OGN, raising staking yields to about 40% APY, while also expanding the system's uses across multiple DeFi applications.

However, after Blitz ended in early August, momentum began to wane while the protocol continued to support buybacks but at a slower pace, which could reduce upward pressure.

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Summary and recommendations

Side Current evaluation

Technical rating Strong Buy on most platforms (Investing, Bitget, TradingView).

Technical indicators RSI high (65–72) → potential overbought, but MACD is positive.

Key support ~$ 0.074 – 0.065 (based on recent price movements).

Potential resistance ~$ 0.075 – 0.078 (short-term resistance forces), then ~$ 0.085–0.103 if the rise continues.

Impact of Buyback Blitz Strong buying pressure has ended; precautions necessary in case of declining support.

Additional supporting factors High APYs (~40%), DeFi expansion, Staker yields.

Practical advice:

If you are a short-term investor: watch if the price can maintain above ~$ 0.075, especially the range of $0.074–0.078 for entry or exit.

For medium-term investors: Continued activity of the protocol in buybacks and rising APY could support the price, but it should be ensured that this model is sustainable.

Monitor tools like the official OGN dashboard and RSI/MACD indicators regularly.