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Summary
• Price formed a bearish engulfing pattern after reaching a 24-hour high near $0.0001481.
• RSI moved closer to overbought territory during the late-night surge, suggesting potential near-term exhaustion.
• Bollinger Bands showed a modest expansion during the bullish push, with price testing the upper band at key intervals.
• Volume remained low during most of the session, though a sudden 6.9-unit turnover spike at 00:45 ET drove a brief rally.
• The 24-hour range narrowed late in the session, forming a consolidation pattern with support at $0.0001462.
The OG Fan Token/Bitcoin (OGBTC) opened at $0.0001465 on December 16 at 12:00 ET, reached a high of $0.0001501, and closed at $0.0001464 at 12:00 ET on December 17. The 24-hour volume totaled 227.5 units with a notional turnover of approximately 33.84 BTC-equivalent.
Structure on the 5-minute chart was defined by a bearish reversal near $0.0001481, following a brief overbought RSI spike. A descending triangle pattern formed between $0.0001462 and $0.0001487 during the consolidation phase. Bollinger Bands widened during the upward thrust, while the 20-period moving average crossed below key resistance levels, signaling bearish momentum.
Volume activity was generally subdued, with a sharp 6.9-unit turnover at 00:45 ET pushing price up to $0.0001484. However, follow-through buying was weak, and the price failed to close above the $0.0001487 level.

MACD showed divergence in the late session, with price making higher highs but the indicator failing to confirm. RSI edged toward overbought territory at 65–70 during the rally, indicating potential for profit-taking.
Looking ahead, OGBTC may test the $0.0001462 support level in the next 24 hours, with a risk of a breakdown if volume increases and short-term momentum remains bearish. Investors should remain cautious around the $0.0001474 psychological level, where Fibonacci retracement from the recent high may offer a pivot point.
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