- OMG price has seen a loss of more than 4% in the intraday session and is trading near the value of $6. Meanwhile, the OMG/BTC pair sees a consolidated momentum with a decrease of 3%.
- OMG Network is built as a scaling solution for the Ethereum network and can soon see a increase.
OMG coin price is currently seeing a consolidated move and can soon see a rally to a new high in the future. As per the waves, the asset may soon see a breakout to a new high in the future. From that point onward, the asset can soon see a strong move in the future.It additionally features the chance of shaping a remedial wave that can drive the cost further down beneath. One can delay until there is an unmistakable perspective on the situation where the cost will go and afterward make the exchange.
OMG is at present positioned 97th, with a market capitalization of $867,844,612.The volume ($300,026,301) of the coin has diminished by 46% in the 24-hour time span. The volume to Market capitalization proportion for the coin is 0.4 In the event that the proportion goes above 0.8, a purchasing rush should be visible.
Technical Indicators Projects A Correction For OMG Price
The week-by-week technical graph for OMG stands a consolidated momentum. OMG gives indications of bullish energy on coming to the day-by-day diagram. Its value exchanges below 50 and 100 Moving Averages. The 50MA cost is at $7.74, making it brief help for the coin. The coin’s opposition on the potential gain will be $9, and on the drawback, it will see a bounceback from $7.73.OMG cost has broken the twofold top area and supporting above it on the 4 hr diagram. In the event that the value breaks 10% over the current situation, a solid bullish force up to the place of $10 should be visible.
RSI(Bearish): It is right now following at 50.81, exhibiting its essence in the overbought zone. There is negative incline development in RSI, which proposes negative energy. The general feeling of the RSI is negative.
Conclusion
OMG coin price is currently seeing a consolidated trend and can soon see a new high in the future.OMG scaling solution for Ethereum has created the trust of investors. The OMG/BTC pair can also see a bullish move. An Investor should do their due diligence before investing in OMG.
Technical Levels
Major Support:$5
Major Resistance:$9