Market Overview: Origin Protocol (OGNUSDT) – 2025-08-25

• Origin Protocol (OGNUSDT) surged 51.9% over 24 hours, breaking key resistances above $0.0720 and closing near $0.0780.
• A large bullish engulfing pattern formed around 06:45–08:00 ET, confirming a strong reversal from prior bearish momentum.
• Volatility expanded sharply after 06:30 ET, with RSI spiking toward overbought territory and volume surging to over 5M OGN.
• Bollinger Bands widened as price moved toward the upper band, suggesting high volatility may continue.
• Turnover spiked during the $0.0760–$0.0820 rally, aligning with price strength and indicating strong buying pressure.

Origin Protocol (OGNUSDT) opened at $0.0703 on 2025-08-24 at 12:00 ET and closed at $0.0780 at 12:00 ET the next day, with a high of $0.0820 and low of $0.0692. Total volume reached 88,688,945 OGN, and notional turnover hit approximately $6.7M, reflecting intense buying interest during the price breakout.

Structure & Formations

A strong bullish engulfing pattern formed between 06:45 and 08:00 ET as OGNUSDT reversed from $0.0758 to $0.0771, confirming a shift in momentum. Price then advanced further, forming a series of higher highs and higher lows, indicating sustained bullish conviction. Key resistances broke at $0.0720, $0.0740, and $0.0760, with $0.0800 now acting as the next potential target.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above $0.0740–$0.0750 in the morning, confirming the bullish momentum. On the daily chart, the 50-period MA was around $0.0695, and the 200-period MA near $0.0670, suggesting a potential continuation of the rally above these key levels.

MACD & RSI

The MACD crossed above the signal line just before the morning surge, confirming the bullish reversal. RSI spiked to over 80 by 10:00 AM ET and remained in overbought territory, suggesting a possible pullback or consolidation near the $0.0780–$0.0790 range. Momentum appears strong, but a correction may occur if price consolidates near key levels.

Bollinger Bands

Bollinger Bands widened significantly after the breakout, with price moving into the upper band by late morning. This indicates a high-volatility phase and suggests the rally could continue unless a reversal occurs. Price has remained near the upper band since 06:30 ET, showing strong buying pressure.

Volume & Turnover

Volume surged to over 5M OGN between 06:30 and 08:00 ET, coinciding with the sharp $0.0750–$0.0770 rise. Turnover matched the volume spike, showing no price-volume divergence. The rally was well-supported by liquidity, and volume remained elevated through the morning and early afternoon.

Fibonacci Retracements

The recent $0.0692–$0.0820 move aligns with a 38.2% retracement at $0.0760 and a 61.8% retracement near $0.0720. The 61.8% level was broken on 08/25, reinforcing the bullish trend. Price now approaches the 78.6% retracement at $0.0790–$0.0800, which could either cap the rally or extend it further if buyers remain aggressive.

OGNUSDT may continue to test $0.0800–$0.0820, with a potential pullback or consolidation likely if RSI remains overbought and momentum slows. Traders should monitor the 20-period MA for support and watch for any divergence in volume during key price tests. As always, sharp corrections or unexpected macro shifts could disrupt the bullish trend.