Market Overview for Origin Protocol/Tether (OGNUSDT) on 2025-12-23

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 2:22 pm ET1min read
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Aime RobotAime Summary

- OGNUSDT fell 5.8% after a bearish engulfing pattern broke key support at $0.0301, confirming downward momentum.

- RSI entered oversold territory while MACD showed bearish crossover, with volume surging at critical breakdown points.

- Price exited upper Bollinger Band at $0.0319 and collapsed below 61.8% Fibonacci retracement, signaling heightened volatility.

- Current consolidation near $0.0297 suggests potential bounce but sustained reversal requires buying catalysts above $0.0302.

Summary
• Price declined 5.8% over 24 hours, breaking key support levels after forming a bearish engulfing pattern.
• RSI and MACD signal bearish momentum, with RSI entering oversold territory and MACD showing bearish crossover.
• Volume surged at key breakdown points, confirming bearish sentiment, particularly between 22:00 and 06:00 ET.
• Volatility expanded as price moved outside the upper Bollinger Band, indicating high market stress.

Origin Protocol/Tether (OGNUSDT) opened at $0.0318 at 12:00 ET − 1, reached a high of $0.0319, dropped to a low of $0.0294, and closed at $0.0297 at 12:00 ET. Total volume was 16,546,850.0 and turnover was $500.11 over the 24-hour window.

Structure & Formations


The pair exhibited a bearish engulfing pattern around 21:30–22:00 ET as price gapped down from $0.0314 to $0.0313, followed by a strong downward move. This signaled a shift in momentum toward the bearish side. A key support level at $0.0301 was broken and retested, with the price failing to reclaim it, indicating bearish control. A doji formed at $0.0301 around 11:45 ET, hinting at indecision and a potential short-term consolidation phase.

Moving Averages


On the 5-minute chart, the 20-period and 50-period SMAs crossed bearishly, with the 20-SMA moving below the 50-SMA, reinforcing the downward bias. The daily chart (calculated from 5-min data) shows the 50-period SMA well above the current price, suggesting further bearish potential unless a reversal occurs.

MACD & RSI


The MACD line crossed below the signal line around 01:30 ET, confirming bearish momentum. RSI dipped below 30 around 06:00 ET and remained in oversold territory, suggesting potential for a near-term bounce, although a sustained reversal may require a significant buying catalyst.

Bollinger Bands


Price broke through the upper Bollinger Band at $0.0319 and then collapsed downward, crossing the lower band at $0.0298. This large move indicates high volatility and potential exhaustion, but without a clear reversal pattern, further downward movement is likely.

Volume & Turnover


The highest volume spike occurred at 14:45 ET, as price dropped from $0.0299 to $0.0298, confirming the bearish move. Turnover at that time was among the highest of the session, supporting the move. However, volume diminished in the final hours, indicating waning conviction, though price remains near key support.

Fibonacci Retracements


On the 5-minute chart, price fell below the 61.8% retracement level of the recent bullish swing, reinforcing bearish expectations. On the daily chart, the 38.2% retracement of the last major rally is at $0.0302, where the price has recently stalled and may face further selling pressure.

The market appears to be in a bearish phase, with key support at $0.0301 being tested. A break below that level may accelerate the decline. Investors should monitor the 20-period SMA and watch for any bullish divergences in RSI as potential reversal signals.