- OMG Token price action projects a bullish uptrend with high momentum.
- The EMAs maintain a bullish alignment.
- The pair OMG/BTC is trading at 0.00027 BTC with an intraday gain of +9.92%.
OMG token price action shows a bullish engulfing pattern in the daily technical charts, which indicates increased buying pressure. In addition, the price is now above $10, indicating that there has been an increase in buying pressure.
The intraday volume has risen above the 20-days volume MA, indicating that there is more buying pressure. In addition, the bullish alignment of the daily EMAs means that they rise higher, indicating a bullish rally.
OMG Token trades at $11.66, an increase of +12.60% market capitalization over one day. This suggests that the price is on a bull run.
OMG’s intraday trading volume has increased by around 100% because of the rising buying pressure.
OMG Token’s Rising In A Channel
OMG token prices rise in a bullish rising trend as the price crosses the $10 mark. Investors may see the dip in price action at the support trendline to be a profitable entry spot with minimal risk.
According to price action, demand levels for the token are at the $10 and $8 mark. Bulls could encounter resistance at $12 and $15 if the bullish trend persists from either support level.
The EMAs on the technical chart for the 4-hour are more powerful, with a high probability of a golden crossover because of the rise with a positive slope. These can keep the prices stable during a bullish attack. The chart shows a bullish run because of the steepening volume.
The RSI indicator does not indicate a rise in underlying bullish inclinations.
The ADX indicator indicates a rise in trend momentum.
Conclusion: The OMG token’s price rises with the help of bullish exponential moving averages. Investors could face entry points close to the drops in the 20-period EMA. If the price sustains above the $12 mark, it could soon reach $15.
Support – $10 and $8
Resistance – $12 and $15