The Ocean Protocol (OCEAN) glimpsed a symmetrical triangle pattern and is ready for an up move. However, bulls need to cross the prompt trendline hurdle
Ocean Protocol (OCEAN) Naghahanap ng Pagbabalik: Magtagumpay kaya ang Bulls?
Ang Ocean Protocol (OCEAN) glimpsed a simetriko tatsulok na pattern and is ready for an up move. However, bulls need to cross the prompt trendline hurdle of $1, which might lead to a sharp surge.
Meanwhile, sellers have made a strong grip near the round mark of $1 and decisively secured the zone. However, the sentiments have flipped, and a rebound from the 200-day EMA was noted in the last sessions.
Sa oras ng pag-uusap, OCEAN na-trade sa $0.9317 na may intraday drop na 1.10%, na sumasalamin sa neutralidad sa mga chart. Ito ay may buwanang return ratio na -13.20% at 171.89% taun-taon.
The pair of OCEAN/BTC is at 0.0000152 BTC, and the market cap is $1.65 Billion. Analysts are neutral and suggest that the OCEAN price may see a pullback ahead and will gain momentum in the upcoming sessions.
$1 Mark Reachable? Price Action Outlook
Ang Ocean Protocol charts articulate that the upward trendline and the 200-day EMA provide downside support, which may not be breached further. On the higher side, the $1 mark is the challenge for the bulls to cross.
This month, the price action hints at the buyer accumulation and recovery from the 200-day EMA, which may be the beginning of the upcoming rally. However, the trading volume remained flat, noted at $4.14 Million.
Ang Relative Strength Index (RSI) revisited the midline region, and a positive crossover was witnessed.
Will Development Activity Favor The Ocean Protocol Price
In a recent tweet, Ocean Protocol announced that it is hosting a challenge named “Github Developers Dynamics Data Challenge” starting from May 9 to May 28. This competition has a prize pool of $10k. In this competition, developers will interact with each other and use the GitHub data for crypto projects.
This activity has showcased a surge in the development activity data; a surge of over 120% in the last month was noted.
Pinagmulan: Santiment
The immediate support levels for OCEAN are $0.9000 and $0.8900, whereas the key upside hurdle is around $1, followed by $1.25
Konklusyon
OCEAN showcased signs of buyer accumulation and may attain pace soon. Recent developments highlight the fresh investor interest in the OCEAN crypto, which will soon give it an advantage.
Pagtanggi sa pananagutan
Ang mga pananaw at opinyon na sinabi ng may-akda o sinumang ibang tao na pinangalanan sa artikulong ito ay para sa mga layuning pang-impormasyon lamang at hindi bumubuo ng payo sa pananalapi, pamumuhunan, o iba pang payo.
Disclaimer:
Ang mga pananaw sa artikulong ito ay kumakatawan lamang sa mga personal na pananaw ng may-akda at hindi bumubuo ng payo sa pamumuhunan para sa platform na ito. Ang platform na ito ay hindi ginagarantiyahan ang kawastuhan, pagkakumpleto at pagiging maagap na impormasyon ng artikulo, o mananagot din para sa anumang pagkawala na sanhi ng paggamit o pag-asa ng impormasyon ng artikulo.
South Korea: Upbit Investigated for Over 500,000 KYC Violations
MacBook Users with Intel Chips Urged to Update for Enhanced Security
Solana-Based Trading Terminal DEXX Hacked, Over $21M in User Losses
South Korea to Enforce 20% Crypto Tax in 2025 with Increased Exemption Limit
0.00