Ocean Protocol

Spike

<ul class="list-ic vertical">
 <li><span>1</span> <a>Ocean Protocol (OCEAN) is on the verge of breaking out of a falling wedge.</a></li>
 <li><span>2</span> <a>The token might extend its bullish leg toward the $1 mark soon.</a></li>
</ul>
<p>The <strong>Ocean Protocol (OCEAN)</strong> extended its weekly gains to 45% and decisively approached the 20-day EMA mark. Followed by a decent recovery from the $0.5000 mark and a bullish engulfing candlestick at the bottom, a jump is imminent.</p>
<p>The <strong>OCEAN token</strong> is set to breach the downward trendline hurdle of $0.800 and is eyeing to register a breakout ahead. Meanwhile, the buyers have a challenge to sustain above the 200-day EMA mark, which, if cracked, a sharp recovery might be seen ahead.</p>
<p><strong>OCEAN </strong>underwent a correction phase in the past few weeks, and slippages of over 36% were seen last month.</p>
<p>At press time, <strong>OCEAN </strong>was trading at $0.6679 with an intraday drop of 4.83%, reflecting neutrality on the chart. It has a monthly return ratio of -30.20% and 94.27% yearly, reflecting a short-term retracement.</p>
<p>The pair of OCEAN/BTC is at 0.0000109 BTC, and the market cap is $1.19 Billion. Analysts are neutral and suggest that <strong>OCEAN </strong>may break out and spike to the $1 mark.</p>
<h2 class="wp-block-heading" id="strong-is-ocean-worth-buying-at-current-levels-strong"><strong>Is OCEAN Worth Buying at Current Levels?</strong></h2>
<p>Amidst the past correction, the <strong>OCEAN </strong>had settled at around the $0.500 mark and witnessed a noteworthy rebound last week. Interestingly, the token has exited the correction phase and is ready to deliver the delights ahead.</p>
<p>Additionally, the whales bought the dip and entered into the dips, which is a sign that the token might extend the bullish swings. They will try to reclaim the $1 mark soon.</p> <iframe loading="lazy" title="Santiment Chart: Price (OCEAN), Volume (OCEAN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ocean-protocol&amp;pt=OCEAN&amp;df=2023-12-27T18%3A29%3A59.570Z&amp;dt=2024-06-27T18%3A29%3A59.570Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Its ongoing price projection highlights a reversal from the bottom mark of $0.5000 and a notable recovery of over 50%, which trapped the seller army. Afterward, a short covering was triggered, and the token reclaimed the 20-day EMA mark.</p>
<p>Meanwhile, the trading volume remained flat, and a drop of over 2.10% was noted at $16.92 Million. It was ranked at 149 and has a total supply of 2.03 billion.</p>
<p>The<strong> RSI curve </strong>witnessed a spike from the <strong>oversold region</strong> and revealed a positive crossover, directing a <strong>positive outlook</strong> on the charts.</p>
<h3 class="wp-block-heading" id="strong-weighted-sentiment-and-volatility-index-overview-strong"><strong>Weighted Sentiment and Volatility Index Overview&nbsp;</strong></h3>
<p>Amidst the intraday price decline of over 7%, the weighted sentiment data looks relatively positive and stayed above the midline region.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (OCEAN), Weighted sentiment (Total) (OCEAN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ocean-protocol&amp;pt=OCEAN&amp;df=2023-12-27T18%3A29%3A59.570Z&amp;dt=2024-06-27T18%3A29%3A59.570Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Meanwhile, the price volatility data reflects intense fluctuations and displays investor speculation on the charts.</p>
<h3 class="wp-block-heading" id="strong-ocean-s-social-metrics-revealed-massive-spike-strong"><strong>OCEAN’s Social Metrics Revealed Massive Spike</strong></h3>
<p>Its social dominance curve witnessed a sharp uptick from over 1200% to 1.78%, revealing a surge in user engagement on social media platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (OCEAN), Development Activity (OCEAN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ocean-protocol&amp;pt=OCEAN&amp;df=2023-12-27T18%3A29%3A59.570Z&amp;dt=2024-06-27T18%3A29%3A59.570Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bdev_activity&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Meanwhile, the development activity data stayed above the midline region and reflected a rise of over 6% in the last few hours.</p>
<h3 class="wp-block-heading" id="strong-merger-on-cards-strong"><strong>Merger on Cards</strong></h3>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24OCEAN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$OCEAN</a> and <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FET</a> are merging to become <a href="https://twitter.com/search?q=%24ASI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ASI</a> (Art Superintelligence Alliance)<br><br>More details below: <a href="https://t.co/eSQX3G49ih" rel="noopener noreferrer nofollow">pic.twitter.com/eSQX3G49ih</a></p>— Nebraskangooner (@Nebraskangooner) <a href="https://twitter.com/Nebraskangooner/status/1806154336654787071?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: X</p>
<p>The immediate support levels for the <strong><a href="https://www.thecoinrepublic.com/2024/06/25/ai-tokens-fet-agix-ocean-are-top-market-gainers-sell-or-buy/" target="_blank" rel="noopener noreferrer nofollow">Ocean Protocol token</a></strong> are $0.6500 and $0.6380, whereas the key upside hurdle is around $0.6720, followed by $0.6800.</p>
<p><strong>OCEAN </strong>reclaimed the 20-day EMA mark and will soon split the trendline hurdle of $0.800. Its short-term projections favor the bull army and indicated a potential spike ahead.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

OCEAN Poised For Breakout: Could It Present Buying Opportunities?

Table of Contents

Thecoinrepublic.com

Outros artigos publicados em 27 de jun. de 2024

Investors Turn to BlockDAG as WIF Declines & DOGE Price Predictions Falter; BDAG to Launch in Cry...

Bitcoin ETFs News: $1.3 Billion Outflows Amid Price Decline

Akash Network surges 12%, leading AI tokens bounce

Cyber Attackers Target Crypto Exchanges

Daily Market Review: BTC, ETH, KAS, MKR, FLR

KuCoin Lists Solana DEX Token Zeta (ZEX) on Spot Market

Join our free newsletter for daily crypto updates!