Origin Protocol Price Prediction 2022 – Will OGN Hit $2.5 Soon?
- Bullish OGN price prediction is $0.43 to $2.41.
- The OGN price will also reach $2.5 soon.
- OGN bearish market price prediction for 2022 is $0.11.
In Origin Protocol’s (OGN) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about OGN to analyze the future movement of the cryptocurrency.
Origin Protocol Current Market Status
According to CoinGecko, the price of OGN is $0.40 with a 24-hour trading volume of $368,854,761 at the time of writing. However, OGN has increased 4.1% in the last 24 hours.
Moreover, OGN has a circulating supply of 428,393,522 OGN. Currently, OGN trades in cryptocurrency exchanges such as Binance, Hotcoin Global, Mandala Exchange, Bitget, and Huobi Global.
What is Origin Protocol (OGN)?
The Origin protocol is a network that enables market participants to exchange goods and services through a peer-to-peer (P2P) network. The platform aims to create a huge online market by using the Ethereum (ETH) blockchain. OGN deals with the basic problems of the existing online market, such as unfair transaction fees, lack of transparency, lack of innovation, and centralization issues.
Origin Protocol (OGN) Price Prediction 2022
Origin Protocol holds the 275th position on CoinGecko right now. OGN price prediction 2022 is explained below with a weekly time frame.
A descending channel is the chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down.
The upper line is identified first, as running along with the highs and is called the trendline. The lower line is identified as parallel to the trendline, running across the bottom. A breakout above the upper trendline generates a strong buy signal, while a break down below the lower trendline generates a strong sell signal.
Currently, OGN is in the range of $0.38. If the pattern continues, the price of OGN might fall to the support level of $0.28. If the trend reverses, then the price of OGN may reach the resistance levels at $0.46 & $1.29.
Origin Protocol (OGN) Support and Resistance Level
The below chart shows the support and resistance level of OGN.
From the above daily time frame, it is clear the following are the resistance and support levels of OGN.
- Resistance Level 1 – $0.43
- Resistance Level 2 – $0.76
- Resistance Level 3 – $1.3
- Resistance Level 4 – $2.41
- Support Level 1 – $0.26
- Support Level 2 – $0.177
- Support Level 3 – $0.11
The charts show that OGN has performed a bullish trend over the past month. If this trend continues, OGN might run along with the bulls overtaking its resistance level at $2.41.
Accordingly, if the investors turn against the crypto, the price of the OGN might plummet to almost $0.11, a bearish signal.
Origin Protocol Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of OGN is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of OGN lies above the cutoff line, indicating stronger participants in the current trend.
More so, the OGN’s Moving Average (MA) is shown in the chart above. Currently, OGN is in a bullish state. Notably, the OGN price lies above 50 MA (short-term), so it is completely in a upward trend. Therefore, there is a possibility of a reversal trend of OGN at any time.
Meanwhile, the relative strength index (RSI) of the OGN is at level 62.10. This means that OGN is in a nearly overbought state. However, this means a major price reversal of OGN may occur in the upcoming days. So, traders need to trade carefully.
Origin Protocol Price Prediction 2022 — ADX, RVI
Let us now look at Origin Protocol’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Origin Protocol. Currently, OGN lies in the range of 20.09, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of OGN. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of OGN lies above the 50 levels, indicating that the direction of volatility is high. In fact, OGN’s RVI is at a 62.10 level thus confirming a potential high signal.
Comparison of OGN with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Origin Protocol.
From the above chart, we can identify the trend of the ETH, BTC and OGN is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and OGN also increases or decreases respectively.
Conclusion
With continuous improvements in the Origin Protocol network, we can say that 2022 is a good year for OGN. For this reason, the bullish price prediction of Origin Protocol in 2022 is $2.41. On the other hand, the bearish OGN price prediction for 2022 is $0.11.
Furthermore, with the advancements and upgrades on the OGN ecosystem, the performance of OGN would help to reach above its current all-time high (ATH) $0.7 very soon. But, it might also reach $2.5 if the investors believe that OGN is a good investment in 2022.
FAQ
The Origin Protocol (OGN) is an Ethereum token that drives the Origin platform, which aims to empower decentralized and peer-to-peer markets.
OGN has listed on many crypto exchanges which include Binance, Hotcoin Global, Mandala Exchange, Bitget, and Huobi Global.
With the ongoing developments and upgrades within the OGN platform, it has a high possibility of reaching its ATH soon.
On April 8, 2021, OGN reached its new all-time high (ATH) of $3.35.
Origin Protocol (OGN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of OGN in the past few months, OGN is considered a good investment in 2022.
Origin Protocol (OGN) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Origin Protocol (OGN) will hit $2.5 soon.
Origin Protocol (OGN) price is expected to reach $3.2 by 2023.
Origin Protocol (OGN) price is expected to reach $5 by 2024.
Origin Protocol (OGN) price is expected to reach $6.5 by 2025.
Origin Protocol (OGN) price is expected to reach $8 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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