Market Overview for Origin Protocol (OGNUSDT) – 2025-08-26

• Origin Protocol (OGNUSDT) dropped from $0.0795 to $0.0688 over 24 hours, closing near the low amid strong bearish momentum.
• RSI is oversold (<30), suggesting potential short-term bounce, but volume remains subdued, weakening conviction. • A key support appears forming near $0.0685, with a shallow Bollinger Band contraction indicating possible volatility expansion. • The 20-period and 50-period moving averages on the 15-min chart both turned bearish, confirming downward bias. • Price appears to be testing a 61.8% Fibonacci retracement level from a key 15-min swing, signaling a possible reversal.

Origin Protocol (OGNUSDT) opened at $0.0792 on 2025-08-25 12:00 ET, reached a high of $0.0795, and closed at $0.0688 by 12:00 ET on 2025-08-26. The 24-hour total volume was 44,637,602.00 and total turnover was $3,045.85.

Structure & Formations

The price of OGNUSDT formed a bearish continuation pattern as it moved downward with a series of lower highs and lower lows. A significant support appears forming near $0.0685, coinciding with a 61.8% Fibonacci retracement level of a recent swing. Notable bearish engulfing patterns and long lower shadows emerged in the morning session, indicating strong short-term bearish conviction.

Moving Averages

On the 15-minute chart, both the 20-period and 50-period moving averages turned bearish as the price closed below both lines. This alignment reinforces the downward bias. The 50-period EMA on the daily chart has also begun to slope downward, indicating bearish momentum on longer timeframes.

MACD & RSI

The MACD line has crossed below the signal line and remains negative, reinforcing the bearish bias. RSI has dipped into oversold territory (<30), suggesting potential for a short-term bounce, though momentum remains weak. However, a reversal may need confirmation from volume and price.

Bollinger Bands

Price recently narrowed within the Bollinger Bands, signaling a possible volatility contraction that may precede a breakout. The current price remains near the lower band, suggesting continued pressure toward the key support level at $0.0685.

Volume & Turnover

Despite the significant price drop, volume has been relatively low throughout the day, with no sharp spikes accompanying key breaks. This lack of volume may suggest limited conviction in the move lower, but with no divergences in price and turnover, it remains bearish.

Fibonacci Retracements

Price appears to be testing the 61.8% Fibonacci level from a recent 15-minute swing, a key level that often triggers either a reversal or continuation. If the price breaks below this level without a strong volume spike, the next support may be in the vicinity of $0.0675–$0.0672.

The price may consolidate near $0.0685–$0.0688 in the coming 24 hours, with the potential for a short-term rebound if RSI gains traction. However, a break below $0.0685 could invite further selling pressure. Investors should remain cautious and monitor volume for signs of conviction or divergence.