OG Fan Token Potential Futures Listing and Price Outlook: Could It Reach $35? The Implications of High Trading Volume
In-Depth OG Fan Coin Analysis:
I aim to provide a comprehensive analysis here. The first chart encompasses all time frames and reveals a peculiar price range between $13 and $16, where the price appears to have stagnated. Should this level be breached, OG could embark on a new ATH pursuit. Over the past 5-6 weeks, we have observed unusual price movements, and these movements are not unfounded. A coin with a market cap of approximately $30M exhibiting daily volumes in the $30-40M range indicates that these moves are backed by substantial activity.
As shown in the second chart, a clear bull flag pattern has formed. Additionally, there is another bullish formation in play: the cup-and-handle pattern. We are currently in the handle phase of this setup. The primary resistance level to watch is the $13-16 range, which also aligns with the Fibonacci level of 1. If OG can maintain price action above this range with current volume levels, the flag pattern target of $35 could be well within reach.
However, a key question arises: how is a coin with a $30M market cap able to achieve daily volumes equivalent to its market cap? A plausible scenario could be that major market makers have received news of a potential OG Fan Token futures listing.
