The OG/USDT trading pair on Binance is showing promising signs of a bullish trend, as highlighted by the recent price movements on the 4-hour chart. The current price of OG stands at approximately $2.716, up by 0.07% from the previous session. The recent spike in trading volume and the strong green candle on the chart suggest that the bulls are in control, driving the price upward.
Graph 1: Volume and Moving Averages
The volume bar shows a significant increase, indicating heightened interest in the OG token. The volume spike has been accompanied by a crossover of the short-term moving average (MA5) above the longer-term moving average (MA10), a classic bullish signal. This surge in volume could be an early indicator of a strong upward trend, as more traders jump into the action.
Graph 2: Price Action and Resistance Levels
Looking at the price action, OG has recently hit a high of $2.815 before pulling back slightly. The 24-hour high suggests strong buying pressure, and the current price of $2.716 is hovering just below this resistance level. The next key resistance level to watch is around $2.840. If OG can break through this resistance, it could pave the way for further gains, potentially reaching $12 as momentum builds.
