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Haven Protocol and Origin Protocol prices are in a breakout pattern. OGN/USDT may rally to $1.3 as XHV/USDT bottom-up after sellers reversed H1 2021 gains.
Haven Protocol (XHV)
The platform incorporates features from Monero but with a twist. For instance, XHV—the primary currency—is minted and burnt when creating private Synthetics.
Past Performance of XHV
XHV prices lost 100 percent of H1 2021 gains.
At the time of writing, prices are now bottoming up, finding support from $2.5.
There is confidence. Still, this isn’t to discount bears because there has been no sharp breakout at the time of writing.
XHV is now up 14 percent on the last trading day.
Day-Ahead and what to Expect
There are higher highs relative to the lower BB.
Traders may find loading opportunities on pullbacks from yesterday’s double bar bullish reversal pattern and an engulfing bar.
It may be the case, but the trend will quickly shift if $2.5 fails to anchor determined buyers.
XHV/USDT Technical Analysis
XHV buyers are in the driving seat following July 7 price action.
In line with this development, buyers may find loading opportunities on every correction.
Still, XHV/USDT prices are moving inside June 21 bear bar.
For this reason, risk-averse traders can wait for a close above $5 before committing and targeting $20. Retracements below $2.5 invalidate the uptrend.
Origin Protocol (OGN)
The platform is a decentralized marketplace using Ethereum and IPFS. OGN is its native token.
Past Performance of OGN
After days of lower lows, OGN had lost over 78 percent, finding support slightly below the 78.6 percent Fibonacci retracement line of the H1 2021 trade range.
At the time of writing, OGN is up 10 percent, gaining against BTC and USD. Notably, it is trading above the middle BB—a strong liquidation line.
Day-Ahead and what to Expect
OGN appears to have found support as per price action in the daily chart.
Aforementioned, OGN/USDT prices are above the middle BB for the first time since April 17.
Meanwhile, the accumulation from the tail-end of June is now sufficient evidence to back buyers.
OGN/USDT Technical Analysis
Up roughly 10 percent, building on July 7 gains, OGN/USDT is in a breakout pattern.
Accordingly, traders may find to load on every low provided price is above the middle BB and $0.65.
Buy trend continuation opens up OGN to $1.3 in affirming demand of May 24 and 25.