Market Overview for Origin Protocol/Tether (OGNUSDT) on 2026-01-08

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 2:58 pm ET1min read
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Aime RobotAime Summary

- OGNUSDT fell from 0.0322 to 0.0306 on 5-minute data, forming a bearish trend with key support at 0.0305-0.0307.

- High volume at 0.0314-0.0318 highlighted contested support, while RSI (~28) and MACD confirmed weakening momentum.

- Volatility expanded toward the period's end, with Bollinger Bands showing price near the lower band at 0.0306.

- 61.8% Fibonacci retracement at 0.0307-0.0309 may act as short-term support, but breakdown below 0.0305 risks further decline to 0.0303.

Summary
• Price declined from 0.0322 to 0.0306 on 24-hour 5-minute data, forming a bearish trend.
• High volume activity observed between 0.0314 and 0.0318, signaling contested support.
• RSI and MACD suggest weakening momentum with potential for oversold conditions near 0.0305–0.0307.
• Volatility expanded toward the end of the period, indicating growing uncertainty.
• Fibonacci retracement at 61.8% near 0.0307–0.0309 may act as short-term support or trigger renewed selling.

Origin Protocol/Tether (OGNUSDT) opened at 0.0319 on 2026-01-07 at 12:00 ET, reached a high of 0.0323, a low of 0.0305, and closed at 0.0306 as of 12:00 ET on 2026-01-08. Total volume for the 24-hour window was 15,584,000, and notional turnover was $46,285.

Structure & Formations


Price action on the 5-minute chart showed a bearish trend, with a key support forming between 0.0305 and 0.0307. A notable bearish engulfing pattern emerged as the price broke below 0.0314, suggesting a continuation of the downward move. A doji formed near 0.0308, hinting at indecision among traders. Resistance appears to be at 0.0318–0.0321, where price previously stalled.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are both below the current price, reinforcing the bearish bias. The daily timeframe shows the 50-period moving average slightly above the 100-period line, indicating mixed signals, but the 200-period MA remains above all, suggesting a longer-term bearish context.

MACD & RSI


The 12:00 ET close placed RSI at ~28, signaling a potential oversold condition, though divergence between price and RSI in the later hours suggests caution. The MACD line turned negative, crossing below the signal line, and has remained bearish with no signs of bullish reversal in the past 24 hours.

Bollinger Bands


Volatility expanded as price approached the lower band in the final hours, with price closing near the lower band at 0.0306. This may indicate a high-probability area for a bounce or a continuation of the downward trend, depending on volume and order flow in the next 24 hours.

Volume & Turnover


Volume increased sharply in the 0.0314–0.0318 range, reflecting contested support and active selling pressure. A divergence between volume and price in the last few hours suggests that sellers may be exhausting their strength, but confirmation is needed above 0.0318 to validate a potential reversal.

Fibonacci Retracements


Key Fibonacci levels for the recent 5-minute swing show the 61.8% retracement at 0.0307–0.0309. If the price fails to retest this level and continues lower, the next target could be the 78.6% at ~0.0303–0.0305.

Over the next 24 hours, a test of 0.0307–0.0309 is expected, with a potential bounce or break depending on buyer participation. A break below 0.0305 would signal further risk to the 0.0303 level. Investors should monitor volume and RSI for signs of oversold bounce or continued bearish momentum.