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NewsBTC 2022-10-28 23:30:10

Ocean Protocol (OCEAN) Breaks Out With Bullish Bias, Will $0.25 Play Out?

OCEAN’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.18 with eyes set on $0.25. OCEAN could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $0.25. OCEAN’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Ocean Protocol (OCEAN) has had a tough time this year as the price has maintained a downtrend, but the price of OCEAN could be set for a change as Ocean Protocol breaks out of its daily descending triangle with good volume. The past few days have seen the crypto market has looked more decent, with the likes of Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. OCEAN’s price rallied from $0.15 to a region of $0.184 as the price aims to take the market by its horn. (Data from Binance) Related Reading: Aptos (APT) Continues To Shine With Over 18% Gains In Last Week Ocean Protocol (OCEAN) Price Analysis On The Weekly Chart. In recent times, Ocean Protocol (OCEAN) has struggled to regain its bullish momentum as the price has had a more quiet time ranging in a weekly low of $0.15; despite the uncertainty that has befallen the crypto space, the price of OCEAN held its ground as price defended its key support area of $0.15. OCEAN’s price had yet to replicate its rally that to...

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