On the 4-hour chart OCEAN has formed a classic bullish trough, where the three Keltner Channel lines are aggressively pointing up and the cloud on the projection is increasing greenish cloudiness, showing the bulls in full control. The MM200 in the region of 0.2209 and the RSO being overbought, shows that the token can cool down and then continue its bullish channel. Main support levels : 0.3534 / 0.3388 / 0.2963 Main Resistance Levels : 0.3856 / 0.4127 MM200: At the height of $0.2209 RSI: Exhaustion of Buying Forces
Formation of a perfect bull channel with an LTA (uptrend line) linking all bottoms and an LTA joining all tops
In the last 4 months, the Ocean Protocol has shown an increasing trend. The coin is up 59.29% with the maximum average price of the coin around $0.17 and the minimum average price around $0.16 over the last 4 months. Ocean Protocol has a good use case, well designed tokennomics, an active community and a strong team behind it.