OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 17
- The market valuation of OMG/USD market has been trending downward alongside with the trend-line of its Bollinger Lower Band.
- The bears may continue to gain the market's advantage if the bulls fail to muster their energy around $1.60 and $1.40 price territories.
OMG/USD Medium-term Trend: Bearish
- Distribution territories: $2, $2.20, $2.40
- Accumulation territories: $1, $0.80, $0.60
The market valuation of OMG/USD has been on drastic downward pressure over time around its Bollinger Lower Band trend-line. The crypto hasn’t able to even touch the Bollinger Middle from below since the decline.
The 50-day SMA is located a bit over the Bollinger Upper Band near $1.80 mark. The Stochastic Oscillators have briefly crossed to point to the north below range 40. That signifies a slight sign of bulls' recovery.
The crypto is trying to recover between $1.60 and $1.40 price territories presently. The bears may potentially gain the market’s advantage if the bulls fail to muster the energy around those territories.
OMG/USD Short-term Trend: Bullish
There seems to be a slight increase in the OMG/USD market short-term trend today as at the time of writing. The crypto’s price has been on the rise from a low mark a bit below $1.30 line to trade near a high point at $1.50. Yesterday, the market’s trend completed its sessions being a bearish outlook.
The 50-day SMA is situated over the Bollinger Upper Band. The Stochastic Oscillators have moved into the overbought zone. And, they now slightly cross near range 80 to point to the south.
The bulls are seemingly getting weak in the short run of this market. And, they are not able to push past the $1.50 price point. In that case, the bears may find a way back into the trade operations around that spot.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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