AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price tested key resistance at 0.0315–0.0317 before consolidating at 0.0314.
• Momentum remains positive with RSI above neutral and MACD trending higher.
• Volatility expanded midday, but volume failed to confirm bullish breakouts.
• Bollinger Bands showed contraction in the morning followed by price expansion.
Origin Protocol/Tether (OGNUSDT) opened at 0.0309 on 2026-01-03 12:00 ET, peaked at 0.0318, and closed at 0.0314 on 2026-01-04 12:00 ET. The total volume over the 24-hour period was 3,248,456.0 and notional turnover was 101,255.68.
Structure & Formations
Price spent much of the day in a tight range between 0.0310 and 0.0315. A bullish engulfing pattern formed near 0.0314–0.0315 in the late morning, suggesting short-term buyers took control. However, multiple failed attempts to break above 0.0317 suggest this level is a key near-term resistance. On the downside, 0.0311 acted as a strong support, with price bouncing back several times after minor tests. A long lower shadow at 0.0315 suggests some bearish rejection, while a bullish harami at 0.0313–0.0314 indicates a consolidation phase.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early afternoon, forming a golden cross, which could signal a near-term uptrend. The 50-period MA has been acting as dynamic support. On the daily timeframe, the 50-period MA is still below the 100-period MA, indicating a longer-term neutral to slightly bearish bias.
MACD & RSI
MACD remained positive through the afternoon, confirming the bullish bias. RSI reached 60–64, suggesting moderate momentum without entering overbought territory. A divergence emerged near 0.0315–0.0317, where price made higher highs but RSI flattened, indicating potential exhaustion.
Bollinger Bands
Bollinger Bands showed a contraction in the early morning hours, followed by a price breakout to the upper band in the late morning. Price has since traded within the upper half of the bands, suggesting elevated volatility and bullish sentiment. However, the inability to hold the upper band may lead to a pullback toward the 0.0313–0.0314 range.
Volume & Turnover
Volume spiked sharply around 0.0315–0.0317 in the midday hours, with turnover confirming the increased buying pressure. However, volume during the attempted break above 0.0317 was weaker than expected, suggesting lack of conviction. A divergence between price and volume suggests that further gains may be met with resistance.

Fibonacci Retracements
On the 5-minute chart, price tested the 61.8% Fibonacci retracement level at 0.0315 and bounced back, showing short-term support. If the current upward trend continues, the next Fibonacci level at 0.0318 may become a critical resistance.
Forward-Looking Observation
If volume increases on a break above 0.0317, the pair may test 0.0320. However, a failure to hold 0.0314 could trigger a pullback toward 0.0311. Investors should monitor the 0.0317 level for confirmation of bullish momentum.
Risk Caveat
Market volatility remains elevated, and a lack of strong volume confirmation may result in a consolidation or reversal over the next 24 hours.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.08 2026

Jan.08 2026

Jan.08 2026

Jan.08 2026

Jan.08 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet