OCEAN PROTOCOL Token Report – 02nd June’23

Ocean Protocol is an ecosystem built on blockchain technology that enables people and organizations to effortlessly unlock the worth of their data and convert it into valuable assets using datatokens based on ERC-20 standards. With Ocean Protocol, data publishers have the opportunity to profit from their data while safeguarding their privacy and maintaining control

The OCEAN token is ranked #119 with a market capitalization of nearly $260 million. The current market price of the token is $0.423 USDT

The OCEAN/USDT price had been on a steady down-trend since the start of Feb’23. However, in the recent few days, the token price has surged by nearly 40% with a considerable increase in buying volumes. On the daily timeframe, the chart has broken above the descending trendline. An immediate support is expected at 0.36 USDT and next resistance is expected at 0.475 USDT.

MintingM Rating – 4/5