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OMG Network Price Analysis: After 390% Mega Rally OMG Coin Slows Down

  • The OMG coin price is neutral, around 0.2% during intraday.
  • The 24-hour trading volume is at $1.356 billion.
  • OMG/BTC pair is trading neutral by -1.6% at 0.00025327 BTC.

The daily technical chart and price trend of OMG coin show a bullish trend. Based on the pivot point, the first support zone is 10.40 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 14.70 USDT. Therefore, the chart created a bullish engulfing candlestick pattern during the day, and the cost is confident that it will remain downside with unwavering high strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost moves above the green ribbon. This guarantees a rise in OMG until it is above the ribbon.

Trading volume (10.679 M) is above the 20-day moving average (16.943 M). The volume is moderate, so the cost is above the pivot point. Investors may also see the volume bar on the chart increases. This indicates that anomalous instability is common on subsequent trading days.

The CCI indicator gave a signal (bullish) with 43, projecting a purchase signal in the currency. Investors can observe an inclined slope from 27 to 62. It can arise in future trading sessions.

Long-Term Perspective of OMG Coin Price Trend

The weekly technical chart and price trend of OMG coin show a bullish trend. Based on the pivot levels, the support zone is 9.30 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 25.0 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Today’s OMG network is priced at $14.51 and 24-hour trading volumes are $1,356,149,433. OMG prices have fallen 0.2% in the last 24 hours. It has a circulation of 140 million OMG coins and a total of 140 million. The CCI points to a buying signal, and the traders have prompted moderate volume. In fact, the cost breaks above the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $9.30 & $10.40

Support Level: $14.70 & $25.0

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.