- OMG Network coin is trading on the bullish note after continuously buying action from the lower levels supported by the 20-day SMA line.
- The crypto asset at the monthly chart is trading above the all necessary moving averages of 20, 50, 100 and 200-day lines, with slightly lower volume.
- The pair of OMG/BTC is trading under bullish solid momentum of +14.75% CMP at 0.0002036 BTC, and the ratio of OMG/ETH is CMP at 0.002878 ETH with an intraday gain of +16.85%.
OMG Network coin is trading under the strong grip of bulls after a good buying interest from lower levels. At the same time, the short term moving averages of 20 and 50-Day lines act as primary support lines for the last bullish momentum. Currently, OMG is trading on a bullish note while making higher highs and lower lows patterns with a slight improvement in volume activity. After a golden crossover, the crypto asset is placed above all vital moving averages of 20, 50, 100 and 200-DMA lines.
Volume over the monthly chart is lower and needs to improve for another lap of bullish momentum. Support on the lower side is $7.70 and $7.08, whereas resistance on the higher side is $10.30 and $11.35.
OMG Network Price at the weekly chart is trading on a bullish note
OMG Network Price at the weekly chart is trading on a bullish note after consolidating over the 4-hour TF. Volume at the weekly chart is lower and needs to improve for another lap of bullish momentum. However, the technical parameters are reaching near the overbought zone, and a short term retracement is expected. OMG price is trading at $9.71 with an intraday action of +13.52%, and the volume to market cap ratio is at 0.7365.
Relative Strength Index (CAUTION): OMG Network price RSI is trading near the overbought zone over the weekly chart. In contrast, the RSI trades on a bullish note after a sharp recovery from the lower side and now, CMP at 68.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red) with a positive crossover.
Support levels: $7.70 and $7.08
Resistance levels: $10.30 and $11.35.