1
OCEAN price trades amid the 100 and 200-day EMA mark.
2
Trading volume significantly dropped over the past few sessions.
The Ocean Protocol (OCEAN) glimpsed a symmetrical triangle pattern and is ready for an up move. However, bulls need to cross the prompt trendline hurdle of $1, which might lead to a sharp surge.
Meanwhile, sellers have made a strong grip near the round mark of $1 and decisively secured the zone. However, the sentiments have flipped, and a rebound from the 200-day EMA was noted in the last sessions.
At press time, OCEAN traded at $0.9317 with an intraday drop of 1.10%, reflecting neutrality on the charts. It has a monthly return ratio of -13.20% and 171.89% yearly.
The pair of OCEAN/BTC is at 0.0000152 BTC, and the market cap is $1.65 Billion. Analysts are neutral and suggest that the OCEAN price may see a pullback ahead and will gain momentum in the upcoming sessions.
$1 Mark Reachable? Price Action Outlook
The Ocean Pro
We współpracy z: https://www.thecoinrepublic.com/2024/05/12/ocean-protocol-ocean-looking-for-a-comeback-can-bulls-succeed/
