OGN is now at 0.0373, down 14.16% in the past 24 hours, still up 76.80% over 7 days, with an intraday range of 0.0354–0.0534 and an amplitude of 50.9%.
[Market]
GM, the overall market today is weak, and the main focus is still on key levels.
OGN's 14.16% move puts it in the weaker tier among major coins.
OGN trended lower throughout the day from 0.0354–0.0534, and the rebounds clearly lacked volume.
There is still no sign that the short-term weakness has reversed, and selling pressure continues to be released.
Compared with BTC's +0.66%, OGN's trend is clearly weaker.
The short-term bias is bearish.
[Bearish reasons]
Only if 0.0354 is accepted can it be considered truly weak; 0.0534 is the key reverse line.
Sliding from 0.0534 to around 0.0373, the short-term center of gravity is still moving lower.
A 14.16% drop over 24 hours shows that active selling pressure has not yet been exhausted.
Do not chase, do not panic, and keep a close eye on key levels.
Under a bearish structure, rebounds are likely to be choppy, so do not overleverage your position.
In practice, treat 0.0534 as rebound resistance, and 0.0354 as the next observation point.
$OGN #OGN
[Market]
GM, the overall market today is weak, and the main focus is still on key levels.
OGN's 14.16% move puts it in the weaker tier among major coins.
OGN trended lower throughout the day from 0.0354–0.0534, and the rebounds clearly lacked volume.
There is still no sign that the short-term weakness has reversed, and selling pressure continues to be released.
Compared with BTC's +0.66%, OGN's trend is clearly weaker.
The short-term bias is bearish.
[Bearish reasons]
Only if 0.0354 is accepted can it be considered truly weak; 0.0534 is the key reverse line.
Sliding from 0.0534 to around 0.0373, the short-term center of gravity is still moving lower.
A 14.16% drop over 24 hours shows that active selling pressure has not yet been exhausted.
Do not chase, do not panic, and keep a close eye on key levels.
Under a bearish structure, rebounds are likely to be choppy, so do not overleverage your position.
In practice, treat 0.0534 as rebound resistance, and 0.0354 as the next observation point.
$OGN #OGN