OGNUSDT Market Overview for November 9, 2025

• Price declined by 5.12% over 24 hours, with a bearish reversal attempt after a sharp selloff.
• Volume surged during the midday sell-off but has since consolidated near key support.
• RSI entered oversold territory near 29, suggesting possible short-term buying interest.
• Bollinger Bands show low volatility in the final hours, with price near the lower band.
• No strong bullish candlestick patterns formed; bearish pressure remains dominant.

Origin Protocol/Tether (OGNUSDT) opened at $0.0429 on November 8, 2025, at 12:00 ET and closed at $0.0433 on November 9, 2025, at 12:00 ET, with a high of $0.0512 and a low of $0.0422. Total volume for the 24-hour period was 68,139,680.00 and total turnover amounted to $2,980.26. The price action revealed a sharp selloff followed by a modest rebound, with volume concentrated during the peak sell-off periods.

Structure & Formations

Price formed a bearish structure during the afternoon of November 8, characterized by a sharp breakdown from $0.0491 to $0.0447. This was followed by a consolidation phase near $0.0444, with a notable bearish divergence between price and volume observed. A potential support level appears to be forming near $0.0441–0.0444, as the price has bounced from this area twice in the past 24 hours.

A few bearish candlestick formations were observed, including a bearish engulfing pattern around 18:30–18:45 ET and a hanging man around 03:15–03:30 ET. No strong bullish reversal patterns emerged, suggesting bearish momentum remains intact for now.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both below price levels for most of the day, indicating bearish bias. The 20-period line crossed below the 50-period line, forming a potential death cross. On the daily chart, the 50-period line is also below the 100 and 200-period lines, reinforcing a longer-term bearish outlook. The price remains below all major moving averages, signaling ongoing distribution pressure.

MACD & RSI

The MACD indicator showed a bearish crossover in the midday sell-off, with the signal line crossing above the MACD line. However, it has since flattened out, suggesting potential exhaustion in the downward move. RSI reached an oversold level near 29 during the final hours, hinting at possible near-term support. However, without a strong bullish reversal candle, the RSI reading may remain in oversold territory for some time.

Bollinger Bands

Volatility spiked during the midday sell-off but has since contracted. The price has spent the last six hours near the lower Bollinger Band, indicating a potential consolidation phase. A breakout above the upper band would require a strong reversal above $0.0455–0.0457, while a breakdown below $0.0439 could signal further weakness into $0.0431.

Volume & Turnover

Volume spiked sharply during the afternoon sell-off, with a massive 18.7 million volume candle at 18:30–18:45 ET. However, the subsequent volume has been relatively low, indicating a lack of follow-through selling. Notional turnover also spiked during this period, with the largest single candle accounting for nearly 60% of the total 24-hour turnover. Price and turnover aligned during the selloff, confirming bearish sentiment.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute move from $0.0491 to $0.0447, the 38.2% retracement level is at $0.0469, and the 61.8% is at $0.0459. The price has struggled to reclaim these levels and instead found a temporary floor near $0.0441–0.0444, suggesting the 61.8% level may not hold on a retest. A close above $0.0457 could trigger a retest of the 38.2% level.

Backtest Hypothesis

The backtest strategy in question, which relies on identifying “Bullish Engulfing” patterns for OGNUSDT, could offer insights into potential short-term reversal points. However, the current data source does not recognize the symbol OGNUSDT or its variations, limiting direct implementation. A more precise ticker symbol or a list of past “Bullish Engulfing” event dates would allow for a 5-day holding period backtest. Based on today’s data, no such pattern was observed, but the RSI in oversold territory suggests a potential reversal setup could form if bullish volume increases in the next 24 hours.