OGNUSDT Breakout Alert Descending Trendline Reversal

📊 Pattern and Market Structure

Descending Trendline Breakout:
OGN has successfully broken out of a long-standing descending trendline, signaling a potential shift from a bearish to a bullish trend.

Strong Accumulation Zone / Key Support:
The price has consistently respected the $0.04268 - $0.05402 support area, forming a solid demand zone with multiple rejections and prolonged consolidation.

Potential Reversal Formation:
A double bottom / base consolidation pattern seems to be forming within the support zone, reinforcing the likelihood of a bullish reversal.


📈 Bullish Scenario

If the breakout is confirmed (price holds above and successfully retests the trendline), the bullish targets will be:

1. $0.06229 – minor resistance, likely first retest area.

2. $0.07000 - $0.07432 – previous horizontal resistance zone.

3. $0.08118 – prior distribution zone.

4. $0.09500 - $0.10302 – mid-range supply zone.


5. $0.11000 - $0.12733 – medium-term potential target.

6. $0.14601 - $0.16232 – longer-term target on strong momentum.

📌 A daily candle close above $0.06229 with significant volume could confirm further bullish continuation.


📉 Bearish Scenario

If the breakout turns out to be a false breakout, and price falls back below the support zone ($0.05402):

Expect a drop toward:

$0.04268 – the next major support level.

A breakdown below this may lead to $0.03800 or the formation of a new lower low.

Possible bearish triggers:

Rejection at $0.06229 or above.

Weak breakout volume.

Overall bearish sentiment in the crypto market.


📌 Conclusion:

The descending trendline breakout indicates a potential bullish reversal.

Strong support at the base adds confluence to the setup.

Bullish scenario currently has higher probability, but confirmation and volume are crucial for sustained upside.

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