• On the downside, the bearish trend may reach the previous low of $1.61 price level.
• The OMG price is in the oversold region of the daily stochastic but below the 20%range.

OMG/USD Medium-term Trend: Bearish

• Resistance Levels: $2.40, $2.60, $2.80
• Support levels: $1.80, $1.60, $1.40

Yesterday, July 11, the OMG price was in a bearish trend and below the 12-day EMA and 26-day EMA . The bulls had failed to break above the EMAs, therefore the downward correction is continuing. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate.

On the downside, the bearish trend may reach the previous low of $1.61 price level. The previous low was on June 9, where the bulls made an upward move to reach the $2.80 overhead resistance level. Nevertheless, the OMG price is in the oversold region of the daily stochastic but below the 20%range. This indicates that price is a bearish momentum and a sell signal.

OMG/USD Short-term Trend: Bearish

On the 1-hour chart, the OMG price was in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward. The crypto’s price is fluctuating below the EMAs indicating that price is likely to fall. Meanwhile, the price is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in a bearish momentum and a sell signal.

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