OGN Trades At $0.02229 Crucial Support, Sets Up for Further Bear Market: Analyst
The post OGN Trades At $0.02229 Crucial Support, Sets Up for Further Bear Market: Analyst appeared on BitcoinEthereumNews.com.
Crypto investors holding the Origin Token (OGN) cryptocurrency need to pay attention, as market analyst Crypto Patel today delivered disturbing news that shows that the altcoin is set for significant declines this month. Origin Token (OGN) is the native cryptocurrency of the Origin Protocol, a decentralized finance (DeFi) platform designed to build the future of internet commerce, aiming to develop a true peer-to-peer commerce. The DeFi network powers decentralized e-commerce platforms and peer-to-peer marketplaces, enabling users to buy and sell services and goods on such marketplaces in a decentralized manner, without the involvement of intermediaries and with decreased transaction fees. OGN’s recent drastic price drop prompted the analyst to sound an alarm, pointing out the difficulties in the network. Today, the price of the Origin Protocol currently trades at $0.02229 amid a small 3.3% rise noted over the past 24 hours. Its price has been down 17.9% and 27.0% over the past week and month, respectively, indicating investors’ cautiousness in the market. Why I’m Bearish On $OGN Setup?✅ Price Reaching 1D FVG + Premium zone✅ Buyside Liquidity Sweep Likely✅ HTF Structure Bearish✅ Mean Reversion Toward External Liquidity Entry: $0.02600 (1D FVG) | SL: $0.02854Targets: $0.02280/$0.02050/$0.01870 Wait for LTF Confirmation at… pic.twitter.com/biTK7ALKEe — Crypto Patel (@CryptoPatel) February 7, 2026 Why The Analyst Is Bearish On OGN In his post shared today on the X social media platform, the analyst pointed out major indicators that have turned bearish on OGN’s market, suggesting that the downturn might not be a temporary dip. The analyst shared an OGN weekly chart, indicating a downtrend with significant falls pending. The analyst explained the reasons why he is bearish on the asset. First, as per the chart, the asset’s market structure is bearish with a series of LL (lower lows) and LH (Lower highs). The weekly chart…
Filed under: News - @ February 8, 2026 3:04 am