In this publication, I propose to consider the OGN token.
OGN was in a consolidation phase with a dynamic (sloping) resistance line throughout the year, gradually trading the range of 0.0660-0.1655. At the end of September, an impulse breakthrough of this trend in an upward movement was carried out, and then a decrease in volatility for a gradual redistribution of volumes to OGN from BTC in the range of 0.11-0.165 before the start of implementation. Over the past period (since September 2023), we can observe that the price has been pushed to the key mirror zone of 0.1544-0.1655, and right now there is an attempt to keep the price above these values, which, if successful, will confirm the further development of the trend with the main goal of 0.6-0.62 ( +275%). It was above this area that volumes were locked (a bull trap was created) in April 2022 before the impulse collapse.
OGN/BTC on this chart we can observe that the consolidation phase is still active, and its end will be caused by a weekly consolidation above the resistance zone 0.00000385-0.00000410. Similar to the fiat chart, the main goal is to reach the April 2022 trap zone, which is +242% from the current ones. A more global goal of buyer interest in area 0.00003058 (+700%) will be achieved only through sideways movement and trading of the block 0.00000697-0.00000920 within 3-6 months. #OGN #BINANCE #Greenload #PUMP #BTC