š $OG /USDT Market Analysis (4H Chart)
After a strong rally above $24, #og is now in a correction phase.
Price broke below the 7MA (18.89) and 25MA (21.35), showing loss of bullish momentum.
Current support is around $16.0 ā $16.5, very close to the 99MA (15.74).
Volume spike during the drop confirms selling pressure.
š Key Levels:
Immediate Support: $16.0 ā $16.5
Major Support: $15.7 (99MA)
Resistance Levels: $18.9 / $21.3
ā” Outlook:
ā If OG holds above $16, a bounce towards $19ā21 is possible.
ā If it loses $15.7, further downside towards $14.0 may come.
š Conclusion:
Market is currently in correction mode after overextension.
Best strategy: Wait for confirmation at $16ā15.7 zone before entering.