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Summary
• Price rallied to 0.0326 before consolidating near 0.0318–0.0321.
• Strong volume spikes confirmed bullish 5-minute breaks in early morning ET.
• RSI shows signs of overbought pressure, suggesting short-term pullback risk.
• Bollinger Bands expanded during late-day volatility, reflecting rising uncertainty.
• Key support at 0.0309–0.0311 held multiple times; resistance now at 0.0322.
Origin Protocol/Tether (OGNUSDT) opened at 0.0311, reached a high of 0.0326, and a low of 0.0307, closing at 0.0318. Total volume was 7,673,185.0, with a notional turnover of 238.68.
Structure & Price Action
Price action revealed a bullish breakout above 0.0321 during the 11:45–12:00 ET window, confirmed by volume. The 0.0318–0.0321 range appears to be consolidating as a new equilibrium. On the downside, the 0.0309–0.0311 zone has functioned as a recurring support, showing resilience despite bearish attempts.
Trend and Moving Averages
On the 5-minute chart, price held above both 20- and 50-period moving averages in the final hours, suggesting short-term strength. While the daily chart shows no clear EMA alignment due to limited data, the 5-minute momentum suggests a possible continuation of the current bullish trend.
Momentum and Volatility
The RSI rose into overbought territory (above 65) during the morning ET rally, indicating possible profit-taking.

Volume and Turnover Analysis
The largest volume spike occurred at 15:15 ET (919,008.0) when price fell from 0.0322 to 0.0319, suggesting aggressive selling. This was followed by a sharp rally at 14:30 ET, with over 624,787.0 volume, confirming a short-covering move. Price and volume aligned on these key swings, indicating strong conviction in both bearish and bullish phases.
Fibonacci Retracements
On the 5-minute chart, the 0.0322 level (61.8% retracement of the 0.0309–0.0326 move) acted as a temporary ceiling. On the daily scale, the 0.0309 level (38.2% retracement of a larger prior bear leg) remains critical. A break below this could signal a larger retest of lower levels, though resistance above 0.0321 may delay that scenario.
The market may consolidate near 0.0318–0.0321 in the near term, but watch for a break above 0.0323 as a potential catalyst for further gains. Traders should be cautious of overbought RSI levels and divergent price-volume behavior below 0.0315 in the next 24 hours.
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