The OG/USDT trading pair has recently shown promising signs of a potential bullish trend. After hitting a low of $2.215, the price action has rebounded and now trades at $3.049, showing a gain of nearly 4% in the last 24 hours.
The Fibonacci retracement levels drawn from the recent peak of $7.875 to the bottom of $2.215 suggest that the market may be gearing up for a significant move upward. Notably, the price has surpassed the 0.236 Fibonacci level at $4.171 and could be targeting higher levels such as 0.382 ($4.861) and 0.5 ($5.418) in the near term.
Key Levels to Watch
Support Levels: The immediate support level is at $3.057, closely aligned with the Fibonacci 0.0 level.
Resistance Levels: The immediate resistance levels to keep an eye on are $4.171 (0.236 Fibonacci), $4.861 (0.382 Fibonacci), and $5.418 (0.5 Fibonacci).
