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Ocean Protocol Technical Analysis: OCEAN/USD jumps to $114 million market capitalization and slides into top 80th

  • OCEAN/USD just surpassed $110 million in market capitalization after another 15% price boost.
  • OCEAN bulls are unstoppable making the digital asset one of the best-performing assets in 2020.
Ocean Protocol Technical Analysis: OCEAN/USD jumps to $114 million market capitalization and slides into top 80th
Lorenzo StroeLorenzo StroeIndependent Analyst

OCEAN has hit $0.368 after another massive price boost in the last 24 hours. Ocean Protocol has been climbing the ladder non-stop in the past four months and managed to hit a $100 million market capitalization.

OCEAN/USD daily chart

OCEANUSD

Clearly, OCEAN is extremely bullish and in a sturdy daily uptrend facing no resistance levels but the RSI is overbought. The daily 12-EMA is currently located at $0.249 and the 26-EMA is at $0.202, both should serve as support levels in case OCEAN sees a pullback.  

OCEAN/USD 4-hour chart

oceanusd

OCEAN has been riding the 12-EMA for days now, an indicator that this bull rally is actually healthy even though it’s quite steep.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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