Market Overview for Origin Protocol/Tether (OGNUSDT) on 2025-11-02

• OGNUSDT traded in a tight range, forming a consolidation pattern around 0.0461 with mixed momentum.
• Intraday volume spiked post-20:00 ET, coinciding with a break below key support at 0.0460.
• RSI shows neutral to bearish bias amid decreasing volatility and bearish divergence in late hours.
• 20-period EMA dipped below 50-period line, suggesting potential short-term bearish tilt.

Opening & Closing Summary

Origin Protocol/Tether (OGNUSDT) opened at 0.0459 on 2025-11-01 at 12:00 ET, reached a high of 0.0465, and closed at 0.0461 at 12:00 ET on 2025-11-02. Total 24-hour volume was 5,509,429.0, and turnover was $248,966.00 (sum of volume × close). Price action showed a bearish bias after 20:00 ET, with a 0.22% drop from the session’s peak.

Structure & Key Levels

Price consolidated between 0.0458 and 0.0463 for most of the session, but a key bearish breakout below 0.0460 occurred after 20:00 ET. The 0.0457–0.0459 zone acted as strong support late in the session. A 38.2% Fibonacci retracement of the 0.0458–0.0465 swing fell at 0.0462, where price stalled before the bearish move.

Volume & Momentum

Volume expanded sharply between 20:00 and 00:00 ET, particularly during the drop below 0.0460. However, the price drop was not accompanied by a corresponding increase in turnover, suggesting weak conviction. RSI moved from 50 to 48 during the session, indicating weakening bullish momentum.

Moving Averages and MACD

The 20-period EMA crossed below the 50-period line on 15-minute data, signaling bearish bias. MACD remained in negative territory, with the histogram contracting, indicating slowing bearish momentum. The 200-period daily EMA is likely acting as a strong support level near 0.0460–0.0458.

Bollinger Bands and Volatility

Price stayed within the Bollinger Bands for most of the session, with the upper band reaching 0.0465 and the lower band at 0.0458. A contraction in band width occurred after 04:00 ET, followed by a break below the lower band after 20:00 ET, confirming a breakout.

Backtest Hypothesis

The RSI-14 indicator is a key input for the proposed backtest strategy, but the current dataset lacks RSI values for OGN/USDT. The inability to access the correct ticker symbol or fetch the RSI series hinders execution. A successful implementation would involve using RSI to detect overbought conditions (RSI > 70) for short entries with a fixed 3-day holding period. To proceed, the correct symbol (e.g., “BINANCE:OGNUSDT” or similar) or a direct upload of the RSI-14 data would be required to align with the backtest framework.

Forward Outlook and Risk

Looking ahead, OGNUSDT faces critical support at 0.0456 and resistance at 0.0462. A break below 0.0456 could trigger further bearish momentum. Traders should watch for volume confirmation on any upward attempt. A consolidation phase or retest of the 0.0456 level is likely in the near term, with a risk of a 0.3–0.5% drop should bear pressure intensify.