- OMG price action is sustaining at $8.20 on Monday’s trading session
- The 24-hour volume in OMG is at $952,417,126 with an 111% increase
- The OMG/BTC pair was trading at 0.0001446 BTC with a gain of 19.80%
The 4-hour technical chart of OMG price action forecasts an uptrend with the overall market sentiments. According to pivot points, OMG’s critical support level is placed at $6.70. Whereas if it moves up, the key resistance level to watch is $8.80. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern representing bullish confirmation with high reliability.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above the EMA-21 (yellow), which projects a strong bullish trend. The price is also above all the EMA’s. Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 64.30, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 72 to 64 in the index, and it may cool down in future trading sessions.
The volume of (351.92K) represents a huge buying volume which is below the Volume MA (77.31K) of 20-days. High buying pressure is maintained in OMG to drive its price to higher levels.
Strong Buying Pressure is Maintained in OMG
OMG price traded at $8.20 with a gain of 18% in the last 24-hour and 35.80% up in the weekly time-frame. Furthermore, OMG bounced back from the support and is sustaining above $8.0. In contrast, the market capitalization stands at $1.16 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 8-EMA. RSI index showcases a downward slope for a short while. Moreover, the price movement can be towards the next resistance of $8.80 in future trading sessions.
Resistance: $8.80
Support: $6.70