Market Overview: OGNUSDT Faces Near-Term Pressure Amid Technical Weakness

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Dec 8, 2025 3:59 pm ET1min read
Aime RobotAime Summary

- OGNUSDT price failed to hold 0.0364 resistance, forming bearish engulfing patterns and a doji at 0.0363.

- RSI overbought conditions and MACD bearish crossover signal weakening momentum despite 20SMA bullish signal.

- Price drifted toward lower Bollinger Band while Fibonacci levels highlight critical support at 0.0356 and 0.0352.

- Surging volume at 22:15 ET pushed price down to 0.0353 but lacked follow-through, confirming bearish control.

Summary
• Price surged to 0.0365 before consolidating near 0.0362 amid mixed volume.
• Strong bearish reversal signs formed after 0.0364 resistance failed.
• RSI and MACD suggest short-term overbought conditions with weakening momentum.
• Volatility expanded in the last 6 hours, pushing price toward lower Bollinger Band.
• Fibonacci retracement levels highlight potential support at 0.0356 and 0.0352.

Origin Protocol/Tether (OGNUSDT) opened at 0.0352 on December 7 at 12:00 ET, reached a high of 0.0365, a low of 0.0348, and closed at 0.0362 at 12:00 ET on December 8. Total volume for the 24-hour period was 10,346,155.0, with a notional turnover of approximately $321,758. The pair has shown increasing volatility and signs of exhaustion on the upside.

Structure & Formations


The price action formed a bearish engulfing pattern after reaching 0.0364, indicating rejection at key resistance. A doji appeared near 0.0363 at 02:30 ET, signaling indecision, while the pullback below the 0.0361 level confirmed bearish control. Key support levels at 0.036 and 0.0356 appear intact, with 0.0352 as the next critical area to watch.

Moving Averages


On the 5-minute chart, the 20-period moving average (SMA) moved above the 50 SMA, briefly indicating bullish momentum, but failed to maintain it. On the daily chart, the 50 SMA sits at ~0.0359, with the 200 SMA acting as a strong reference point near 0.0354, suggesting the pair remains in a tight consolidation phase.

MACD & RSI


The MACD line crossed below the signal line in the latter half of the day, signaling a bearish shift in momentum. The RSI reached overbought territory (70+), but failed to sustain above 65, showing weakening bullish conviction. A bearish crossover in the 5-minute RSI suggests further downside could follow.

Bollinger Bands


Volatility expanded significantly between 18:00 ET and 00:00 ET as the price widened the Bollinger Bands.
The price then drifted toward the lower band, suggesting potential short-term support or a reversal point. A break below the band could trigger increased bearish activity.

Volume & Turnover


Volume surged at 22:15 ET with a large candle pushing the price down from 0.0358 to 0.0353. However, the lack of follow-through in the next hour suggests a lack of conviction. Notional turnover increased in the final 6 hours, but volume failed to confirm any bullish breakouts above 0.0364.

Fibonacci Retracements


Applying Fibonacci levels to the recent high of 0.0365 and low of 0.0348, the 0.618 (0.0356) and 0.382 (0.0359) levels align with the current consolidation zone. A break below 0.0352 (61.8% of prior swing) could open the path toward 0.0348.

The market appears to be at a crossroads with bearish bias gaining control. While a rebound toward 0.0364 could test resistance, a close below 0.0356 would likely confirm the next leg down. Investors should closely monitor volume confirmation on any rallies.