Origin is a decentralized marketplace that allows users to trade goods and services in a peer-to-peer manner. In this report, we will be looking at the future price of OGN, how it compares to other cryptocurrencies, and what the best time to buy would be.
The origin protocol price prediction 2025 is a prediction made by the company’s founder, who believes that OGN will hit $2.37 soon.
- The range of bullish OGN price predictions is $0.95 to $2.03.
- The price of OGN may potentially rise to $2.37.
- The price estimate for the OGN bearish market in 2023 is $0.14.
We utilize data, price trends, ADX, and other information about OGN to evaluate the cryptocurrency’s future movement in Origin Protocol (OGN) price forecast 2023.
The Origin protocol is a peer-to-peer (P2P) network that allows market players to trade products and services. Using the Ethereum (ETH) blockchain, the platform intends to establish a massive online market. OGN addresses the fundamental flaws that plague the current online economy, such as unjust transaction costs, a lack of transparency, a lack of innovation, and difficulties with centralization.
Origin Protocol’s Current Market Situation (OGN)
At the time of writing, the price of OGN was $0.88, with a 24-hour trading volume of $58,144,085 according to Coingecko. In the past 24 hours, however, OGN has fallen to 10.2 percent.
Furthermore, there are 346,148,498 OGN coins in circulation. OGN is currently traded on Binance, Tokocrypto, Huobi Global, Upbit, and Hotcoin Global, among other cryptocurrency exchanges.
Price Prediction for Origin Protocol (OGN) in 2023
On CoinGecko, Origin Protocol (OGN) is currently ranked 169th. The price of OGN in 2023 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern OGN/USDT (Source: Tradingview)
The descending triangle is a bearish chart pattern formed by connecting a series of lower highs with a series of lower lows using one trend line and a second horizontal trend line. A falling triangle pattern indicates that traders should take a short position to speed up a collapse.
OGN is now trading at $0.95. Following that, OGN may continue to decline or increase, depending on the breakout direction. With this pattern, OGN may soon hit the $2.03 resistance level. If the trend continues, the price of OGN may drop below $0.55.
Support and Resistance Levels for the Origin Protocol (OGN)
The chart below depicts OGN’s support and resistance levels.
Support and Resistance Levels for OGN/USDT (Source: Tradingview)
The following are the resistance and support levels of OGN, as shown in the preceding chart.
- $0.95 is the first level of resistance.
- $1.44 is the second level of resistance.
- $2.37 – Level 3 Resistance
- $0.53 is the first level of support.
- Level 2 Support – $0.24
- Level 3 Support – $0.14
The graph shows OGN’s bullish performance during the preceding month. This trend, however, will break out and hit the $2.37 resistance level. If the trend were to reverse, OGN might fall below $0.14, indicating a negative indication.
Average Directional Index (ODI) for the Origin Protocol (OGN) (ADX)
Let’s have a look at the Average Directional Index of OGN (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX OGN/USDT (Source:TradingView)
The ADX of OGN is seen in the chart above, with a range of 33.56, indicating a strong trend.
Conclusion
The OGN is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakthrough, the short-term OGN price forecast will remain negative. This year, though, it has a strong probability of hitting $3.35. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and upgrades to the OGN ecosystem, the price of OGN is expected to increase to $1.53 in the near future. However, if investors think OGN is a solid investment in 2023, it may reach $2.03.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Origin Protocol is a decentralized platform that allows developers to create their own marketplaces. The company has seen an increase in price since its ICO. Reference: origin token price prediction 2023.
Frequently Asked Questions
Is ogn a good investment 2023?
Ogn is a good investment for 2023.
Will ogn go up?
Ogn is currently trading at $0.03 per coin, and has a market cap of $1.2 million USD.
Is ogn good to buy?
OGN is a good company to buy from.
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