OGN is approaching a major support area inside its long-term descending channel after a prolonged bearish trend. Price is currently testing the lower boundary of the structure, where buyers need to step in to prevent further downside.
A recovery attempt could start if OGN holds the 0.0143 – 0.0137 support zone and reclaims the 0.0162 – 0.0174 resistance area. A stronger breakout above 0.0219 would confirm increasing bullish momentum.
However, failure to defend the current support zone could push price toward the lower levels of the channel and continue the long-term downtrend.
Key levels:
🟢 Support: 0.0143 → 0.0137
🔴 Resistance: 0.0162 → 0.0174 → 0.0219
📈 Bullish scenario: Holding channel support and reclaiming resistance could trigger a recovery toward higher levels.
📉 Bearish scenario: Losing the support zone may extend the bearish continuation.