Fetch

Resistance

OpenOcean

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>OOE token price has picked up momentum and registered a breakout.</a></li>
 <li><span>2</span> <a>The OpenOcean token witnessed a massive bounce and retested the neckline of $0.02500.</a></li>
</ul>
<p>The OpenOcean token price bounced from the 20-Day EMA and surged over 40% in the last three trading sessions. This rise led sellers into trouble and investors are making the most of it. Additionally, the token has crossed the horizontal neckline of $0.02000 and signifies buying momentum on the charts. The token was in a retracement phase for the past few weeks but has now reverted from the demand zone.</p>
<p>OOE token price has escaped the significant moving averages and is conveying positive sentiments, suggesting a bullish trend ahead. Moreover, the token has picked momentum and is ready to spark bullishness. The token marked a breakout at the start of March. If bulls succeed in sustaining above $0.02500, a much-awaited rally may be seen shortly. Per the Fib levels, the token has crossed the 38.2% zone and is heading toward the 50% zone.</p>
<p>The OpenOcean token (OOE) price was $0.02457 at press time, with an intraday drop of 2.84%, showing neutrality on the charts. Moreover, the trading volume has increased by 6.98% to $449.019, revealing investor interest. The pair of OOE/BTC is at 0.000000383 BTC, and the market cap is $11.90 Million. OOE token has a weekly return ratio of 34.01% and 66.35% on a monthly basis, revealing a bullish outlook. Analysts are neutral and suggest that the OpenOcean crypto (OOE) price has initiated a breakout and might continue to outperform in the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-ooe-reveals-bull-accumulation-on-daily-charts-strong"><strong>OOE Reveals Bull Accumulation On Daily Charts</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-1024x474.png" alt="OOE" class="wp-image-195368" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-69.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">OOE/USD </a>Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>After three months, the token has retested the neckline hurdle of $0.02500 and is ready to give a massive breakout soon. OOE token price has replicated a golden crossover and suggests a bullish outlook. Like most Altcoins, OpenOcean token also shows buying interest in the bullish crypto market.</p>
<p>The RSI curve floats in the overbought zone, signifying bullishness on the charts. Similarly, the MACD indicator showcased a bullish crossover and suggested a bullish rally for the following sessions.</p>
<h3 class="wp-block-heading" id="strong-openocean-exhibits-falling-wedge-breakout-on-weekly-charts-strong"><strong>OpenOcean Exhibits Falling Wedge Breakout On Weekly Charts</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-1024x474.png" alt="OOE" class="wp-image-195369" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-70.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">OOE/USD</a> Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the <a href="https://www.thecoinrepublic.com/2024/02/24/openocean-ooe-gained-strength-can-bulls-retain-0-02500/" target="_blank" rel="noopener noreferrer nofollow">OOE token </a>has registered a falling wedge pattern breakout, and a bounce was noted, post retest of the neckline support zone of $0.02000, which signals the bounce is trustworthy. The token will continue to extend the gains and may catch the upside of $0.03000 soon.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The OpenOcean token price has reverted from the demand zone and has retained bullishness, intending to cross the $0.02500 mark. Moreover, the trend is intact, and bulls are looking aggressive. A bull rally is likely in the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.02000 and $0.01800</p>
<p><strong>Resistance Levels:</strong>$0.02580 and $0.02800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

OpenOcean (OOE) Triggered Breakout: Can OOE Fetch $0.03000?

Table of Contents

Thecoinrepublic.com

Other articles published on Mar 3, 2024

Cardano Bersiap Lari Kencang, Harga ADA Diprediksi Targetkan US$1,5 dalam Jangka Pendek

7 Hot Altcoins Primed for Success in 2024

FLOKI gains 173% in 2 days: Should you start profit-taking?

Approximately 7.8M Bitcoins Have Been Lost. Can they be Recovered?

Ethereum ETF Hurdles with the SEC: Predicting Pushbacks

Top cryptocurrencies to watch this week:

Join our free newsletter for daily crypto updates!