OGN is trading within a clear descending channel on the daily timeframe, maintaining the overall bearish structure. After a strong rejection from the channel resistance, price has pulled back into a key demand / retest zone around 0.023 – 0.021, which aligns with Fibonacci support.
This area is now acting as a potential higher low zone, where buyers are attempting to step in after the recent move up.
Key levels to watch
• 0.023 – 0.021: Retest / demand zone
• 0.0285 – 0.0327: Resistance zone
• 0.0368: Major resistance above
• 0.018 – 0.017: Breakdown level
• 0.013 – 0.015: Lower channel support
Scenario outlook
• Bullish case:
If OGN holds this demand zone, it could form a higher low and push toward 0.028 – 0.032, with potential continuation toward 0.036+ if momentum builds.
• Bearish case:
A breakdown below 0.018 would invalidate the recovery and likely send price toward the lower channel support near 0.013–0.015.