- The trending volume of OpenOcen has dropped by 50% in the last 24 hours.
- RSI is at 56 which has rapidly recovered from the oversold zone indicating buying pressure.
- OpenOcean crypto price has surpassed the 200-Day EMA.
OpenOcean (OOE) price had been in a bearish trend on a wider time frame and an all-time low of $0.0080 was recorded on October 20, 2024. Since the last week of October, the OOE token price has performed positively and witnessed a bullish trend. In November and December, the OpenOcean price witnessed strong buying pressure and rose by 200% but failed to sustain.
Since the second week of December, the OOE price chart has displayed bearish momentum. During this downfall, the buyers attempted to lift the price to the $0.0220 mark to sustain but didn’t succeed.
The current market price of OpenOcean is $0.0157 which has dropped by 1.19% in the past 24 hours. The market capitalization is $7.99 Million and the 24-hour trading volume is $0.14 Million which has dropped by 25%.
Technical Analysis of OOE Price Prediction Over Daily Timeframe
The technical chart shows that OpenOcen crypto price has taken support at $0.0130 and is rising. But the short-term trend is bearish, so it would be better to avoid a buying position because a reversal can be expected at any time.
If the OOE crypto price faces resistance from $0.0160 and fails to defend the 200-Day moving average, selling momentum can be observed and it may continue the bearish trend.
On the other hand, if the OpenOcean price sustains the $0.0160 level and gives a positive breakout with strong volume, it may easily approach the resistance level of $0.0220.
OpenOcean Price Forecast For Tomorrow and Next Week
| Date | Price | Changes |
| Feb 13, 2024 | $0.0156 | 0.0% |
| Feb 14, 2024 | $0.0165 | 5.83% |
| Feb 15, 2024 | $0.0167 | 7.16% |
| Feb 16, 2024 | $0.0159 | 1.63% |
| Feb 17, 2024 | $0.0145 | -7.37% |
| Feb 18, 2024 | $0.0149 | -4.73% |
| Feb 19, 2024 | $0.0163 | 4.01% |
The OpenOcean coin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these OpenOcean projections, OOE will be changing hands at $ 0.016304 on February 19th, 2024, gaining 4.01% in the process.
OpenOcean Price Prediction FAQs
What is the OOE crypto price prediction today?
OpenOcean price is forecasted to gain 3.06% to reach $0.0161 by today.
What is the OpenOcean price forecast for tomorrow?
According to our analysis, the OOE token price is forecasted to gain 2.97% to hit $0.0166 by tomorrow.
What is the current OOE price sentiment?
The current OpenOcean price prediction sentiment is bearish based on our analysis.
What is the OOE price forecast for this week?
According to our analysis, the OpenOcean price is predicted to perform bullishly. The price may extend to the $0.0200 hurdle by this week.
Conclusion
Based on the technical analysis and price forecast, the OpenOcean (OOE) price has been experiencing volatility in the past few months. Although the short-term trend is bearish, if the OpenOcean price manages to sustain above the $0.0160 level and gives a positive breakout with strong volume, it may approach the resistance level of $0.0220. However, investors should be cautious and wait for a clear trend reversal before making any buying positions.
Technical Levels
Resistance levels: $0.0160 & $0.0220
Support levels: $0.0130 & $0.0090
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.