Market Overview for OGNUSDT on 2025-10-05

• Price climbed from $0.0619 to $0.0644, forming bullish momentum with a 15-minute high of $0.0645.
• RSI and MACD showed positive divergence, suggesting rising bullish bias.
• Volatility increased, with Bollinger Bands widening, and turnover surged to $24.9M.
• Notable bullish engulfing and inverted hammers appeared near $0.0635–$0.0645.
• Volume spiked in early AM ET, confirming price action but showing bearish pullback by close.

The OGNUSDT pair opened at $0.0619 (12:00 ET – 1), reached a 24-hour high of $0.0645, and closed at $0.0635 at 12:00 ET. Total volume amounted to 21,934,871 OGN and notional turnover hit $1,379,660, with most action occurring between 03:00–08:00 ET. Price climbed decisively from the session lows, showing strong on-chain support in the $0.0625–$0.0635 range.

Structure & Formations

Price found key support at $0.0623–0.0625 and faced resistance at $0.0635–0.064, with multiple inverted hammers and bullish engulfers appearing in the $0.0635–0.0645 range. A large bullish candle at 07:30–07:45 ET confirmed the breakout above $0.0635, while bearish shadows in late trading hinted at profit-taking. Notably, a doji formed at $0.0634 during 11:30–11:45 ET, signaling temporary indecision.

Moving Averages

The 15-minute 20-period SMA rose above the 50-period midday, confirming a short-term bullish bias. On the daily chart, the 50-period SMA crossed above the 100-period, forming a golden cross scenario. Price closed near the 200-period SMA, indicating a neutral to bullish tilt in the near term.

MACD & RSI

The MACD crossed above zero early in the session and remained in positive territory, aligning with price. RSI climbed to 65–68, suggesting moderate bullish momentum but not yet overbought. A positive divergence was noted between 03:45–05:45 ET, where price made higher highs while RSI did not, signaling potential continuation.

Bollinger Bands

The Bollinger Bands expanded significantly from 03:00–08:00 ET, indicating rising volatility. Price traded above the 20-period upper band for brief periods, especially during 07:30–08:30 ET, suggesting accumulation in the bullish zone.

Volume & Turnover

Volume spiked at 07:30 ET, with a $24.9M turnover as price surged to $0.0644, suggesting confirmed bullish momentum. However, volume dropped during the 11:00–12:00 ET bearish pullback, indicating lack of conviction. The notional turnover was $1,379,660, with 62% of trades occurring after 03:00 ET, signaling increased participation in late hours.

Fibonacci Retracements

Applying Fibonacci levels to the $0.0623–$0.0645 swing, price found 38.2% at $0.0633 and 61.8% at $0.0639, aligning with observed resistance and consolidation. A daily move from $0.062–$0.0644 saw 61.8% at $0.0634, which price held before pulling back slightly.

Backtest Hypothesis
A potential long-bias strategy could include entering on a bullish engulfing pattern or golden cross in the 15-minute timeframe, with a stop loss just below $0.0632 and a target near $0.0640–0.0645. The RSI divergence observed during 03:45–05:45 ET could signal a continuation, making it a viable entry point. The MACD and volume also confirmed this move, reducing false signal risk.