Technical analysis by chethanlobo11 about Symbol OGN: Buy recommendation (8/19/2025)

OGN – Symmetrical Triangle Breakout in Play 🚀 Origin Protocol has been consolidating inside a well-defined symmetrical triangle since June, forming higher lows and lower highs. The price is now attempting a breakout with strong daily momentum (+17%). 🔹 Support Zone: $0.062 – $0.064 🔹 Breakout Level / Resistance: $0.072 – $0.075 Bullish Scenario: A confirmed breakout above $0.075, accompanied by increased volume, could trigger a strong move higher. The measured move from the triangle projects targets towards $0.12 – $0.125. Key resistance levels to watch along the way: $0.085 $0.095 – $0.10 Final target: $0.12 Bearish Scenario: If the breakout fails and price closes back below $0.062, the pattern would be invalidated, with possible pullbacks towards $0.055 and $0.048.Two days ago, OGN was testing the breakout zone of its symmetrical triangle. Since then, price has confirmed strength with a decisive close above $0.072–$0.075 and continuation today. Volume has expanded, adding conviction to the breakout. The structure now looks increasingly bullish, with the next Fib retracement levels lining up well with upside targets. 🔹 Support Zone (Confirmed Retest Area): $0.072 – $0.075 🔹 Immediate Resistance Levels: • $0.085 (local high) • $0.095 – $0.10 • $0.12 (triangle measured move + Fib 0.618 zone) ⚡ Bullish Outlook: Continuation above $0.085 opens room for acceleration towards $0.095 – $0.10, with $0.12 remaining the major upside target in this breakout. ⚠️ Bearish Invalidations: If OGN loses the $0.072–$0.075 breakout zone on a daily close, the bullish setup weakens. Below $0.064 would invalidate the breakout entirely and expose $0.055 – $0.048 again. 📊 Bias: Breakout confirmation + volume expansion → bullish momentum intact.