Summary
•
rebounded from 0.0295, forming bullish patterns near 0.03, with volume confirming strength.
• RSI overbought at 68, but price remains within 5-minute Bollinger Bands, indicating controlled volatility.
• Key resistance at 0.0305–0.0311 seen during 15:45–16:45 ET, with 23% volume spike at the session high.
Origin Protocol/Tether (OGNUSDT) opened at 0.0299 on 2025-12-17 12:00 ET, traded between 0.0295 and 0.0311, and closed at 0.0302 by 12:00 ET-1 on 2025-12-18. Total volume was 6,384,365.0, and notional turnover reached $192,362.
Structure & Key Levels
Price formed a bullish engulfing pattern at 0.03 on the 5-minute chart, breaking above a descending channel. A 61.8% Fibonacci retracement of the 0.0295–0.0305 move aligns with current support near 0.0301, while 0.0311 represents the first Fibonacci resistance from a 5-hour low.
Volatility and Momentum
Bollinger Bands tightened in the early session before expanding during a sharp move to 0.0311, indicating increased volatility. RSI reached 68 by the end of the session, suggesting overbought conditions but with no clear reversal signs.
Volume and Turnover Dynamics
The strongest volume spike occurred during the 14:15–14:45 ET window, coinciding with a 0.0306–0.0311 rally. Turnover and volume aligned during this period, confirming bullish momentum. Divergence appears minimal; price and volume acted in tandem during key moves.
OGNUSDT may test 0.0311–0.0315 over the next 24 hours, but a close below 0.03 could trigger a retest of the 0.0295–0.0298 range. Investors should monitor volume behavior around key levels and watch for potential bearish divergences in the RSI.
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