#$OG 🚀💰TL; short: $0G has printed a credible breakout above a descending wedge on the 1-hour chart. Breakout is supported by an EMA bullish alignment, a positive MACD crossover and a clear volume pickup — all constructive signs. That said, this is still an early-stage reversal: watch the 3.68 retest and the 3.98 breakout confirmation. Trade with stops and manage risk — suggested entries, stops and targets are below.
Price-structure read (what actually happened)
Over several days price compressed inside a descending wedge and has now broken above the upper trendline. Key confirmations in the chart:
EMA alignment (1H): EMA(5) ≈ 3.696 > EMA(10) ≈ 3.663 > EMA(20) ≈ 3.635 — short EMAs stacking bullishly after the breakout, showing short-term buyer control.
Volume: A notable volume spike accompanied the recent push higher — that supports the breakout (higher volume on the breakout is important).
MACD (1H): MACD histogram turned positive and the MACD line sits above the signal line, indicating building bullish momentum on the 1H.
RSI (1H): Around the mid-50s (≈53), which is neutral–bullish — enough room to run without being overbought yet.
All of the above raises the probability that sellers have lost short-term dominance. Still — descending wedges often produce false breakouts, especially in volatile small-cap tokens, so expect possible retests.
Key levels to trade & watch
Immediate support (now): $3.68 — upper wedge breakout turned first support. A clean retest that holds here is bullish.
Next support (wedge base / safety stop area): $3.40 — if price falls below 3.68, 3.40 is the next structural defense near the wedge low. A break below 3.40 weakens the bullish thesis. (Lower swing low visible around 3.339 on the chart.)
Near-term resistance / confirmation: $3.98 — short-term supply / profit-taking zone. A clean close above $3.98 on strong volume would materially increase the chance of continuation.
Major mid targets: $4.38 (prior swing high area) → $5.03 (psychological/previous supply zone). DOYR