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
Protocolo Oceânico (OCEAN) em busca de um retorno: os touros podem ter sucesso?
A Protocolo do Oceano (OCEAN) glimpsed a padrão de triângulo simétrico 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 $1 and decisively secured the zone. However, the sentiments have flipped, and a rebound from the 200-day EMA was noted in the last sessions.
No momento, OCEANO foi negociado a US$ 0.9317 com uma queda intradiária de 1.10%, refletindo neutralidade nos gráficos. Tem uma taxa de rentabilidade mensal de -13.20% e 171.89% anual.
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
A 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.
Fonte: Santiment
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.
A Índice de Força Relativa (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 $10k. In this competition, developers will interact with each other and use the GitHub data for crypto projects.
This activity has showcased a surge in the development activity data; a surge of over 120% in the last month was noted.
Fonte: Santiment
The immediate support levels for OCEANO são US$ 0.9000 e US$ 0.8900, enquanto o principal obstáculo positivo é de cerca de US$ 1, seguido por US$ 1.25
Conclusão
OCEANO 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.
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