Origin Protocol/Tether (OGNUSDT) Market Overview: 2025-09-20

• Price rose to 0.0662 before retreating to 0.0651, showing strength amid moderate volatility.
• Momentum picked up in the final 4.5 hours, confirming a potential short-term bullish bias.
• Turnover surged in the 14:30–15:00 ET window, indicating heightened interest and potential trend continuation.
• Key support at 0.0645 and resistance at 0.0653 define the likely near-term range.
• Volume distribution skewed toward bullish hours, reinforcing the likelihood of continued upward pressure.

Opening Snapshot

Origin Protocol/Tether (OGNUSDT) opened at 0.0645 at 12:00 ET – 1 and reached a high of 0.0662, a low of 0.0638, and closed at 0.0651 at 12:00 ET. The total volume over the 24-hour period was 6,237,125.0, and the notional turnover (volume × price) was approximately $399,319. The price action displayed a strong late-day rally, with the majority of volume clustering in the final hours of the session.

Structure & Formations

The 24-hour chart for OGNUSDT revealed a bullish reversal pattern, especially between 14:30 and 15:45 ET, where the price surged from 0.0643 to 0.0662, forming a strong white candle with a long lower shadow. This suggests a rejection of lower levels and a potential shift in market sentiment. A key support level emerged at 0.0645, which was tested and held multiple times, while 0.0653 acted as a critical resistance level. A bullish engulfing pattern at 14:30 ET confirmed the strength of the short-to-midterm bullish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in favor of the bulls, with price trading above both in the final hours of the session. On the daily chart, price closed above both the 50 and 200-period moving averages, reinforcing the strength of the rally. The 100-period MA acted as a minor resistance level but was overcome by the final 30-minute rally.

MACD & RSI

The MACD crossed above the signal line in the final hour, indicating a bullish momentum reversal. The RSI surged from a neutral zone into overbought territory (above 60), peaking at around 63 before retreating slightly. While not extreme, this suggests a strong short-term buying interest and could indicate continuation of the upward move unless a sharp pullback occurs.

Bollinger Bands

Volatility increased markedly in the final four hours of the session, with the upper Bollinger Band expanding to 0.0662 as the price approached and slightly exceeded it. The lower band remained at 0.0638, where the price tested and bounced off. The price spent the majority of the session near the middle band but finished above it, suggesting a consolidation phase followed by a breakout.

Volume & Turnover

Volume spiked sharply in the 14:30–16:00 ET window, with the largest single candle (14:30–14:45 ET) recording a volume of 2.4 million and a close of 0.0660, indicating strong buyer participation. Notional turnover spiked to a high of $158,712 in the same period. There was a notable positive divergence between price and volume in the 22:00–00:30 ET window, where price was consolidating but volume was declining, suggesting a lull in market activity before the final surge.

Fibonacci Retracements

On the 15-minute chart, the recent swing low at 0.0638 and swing high at 0.0662 were used as a base for Fibonacci levels. The 50% retracement level at 0.0650 closely aligned with the price's final close of 0.0651, suggesting a potential area of consolidation. On the daily chart, the 61.8% level of a prior bearish move (not shown) could act as a near-term target, assuming the bullish momentum is sustained.

Backtest Hypothesis

The backtest strategy involves entering a long position when OGNUSDT closes above the 20-period MA on the 15-minute chart, with a stop-loss placed at the 20-period MA and a take-profit target at the 61.8% Fibonacci level of the most recent bullish swing. Given the recent confirmation of this condition in the 15:30–16:00 ET window, the trade setup is currently aligned with the strategy. A follow-up to this setup would involve monitoring the 100-period MA as a potential dynamic support level and watching for divergence in the RSI as an early warning signal for momentum reversal.