OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 23
- OMG/USD market is now trading in the ranges of $1.80 and $1.40 price levels.
- Price may test a low point at $1.40 level for a bearish reversal.
OMG/USD Medium-term Trend: Ranging
- Supply levels: $2, $2.20, $2.40
- Demand levels: $1.20, $1, $0.80
There have been significant rises and falls in price ranges in the market valuation of OMG/USD in the last couple of days. The small rises featured between July 18 and 20. Now, there are slight falls in the crypto-market as price hovers around $1.60 mark. The well-defined range spots have $1.80 and $1.40 price levels in place; which means the $1.60 point is the median range spot of the market.
The Bollinger Upper Band and the 50-day SMA indicator are at the median range mark. The Stochastic Oscillators have closed the hairs at range 20.
It still appears that the crypto-market is struggling to recover from the past bearish pressure that it has suffered. If the bulls are genuinely in the mote of price recovery, then, the bears shouldn’t be able to forcefully breakdown beyond the $1.40 level.
OMG/USD Short-term Trend: Bearish
The OMG/USD short-term market’s trend has featured in a slightly bearish outlook today. The market began to relatively drop after hitting a point at around the trend-line of the Bollinger Middle Band. Price has been trading along with the path of the Bollinger Lower Band to the south towards a low value at $1.50. The 50-day SMA and the Bollinger Upper Band are at $1.70 mark of the market. The Stochastic Oscillators have dipped into the oversold zone.
The downward pressure of this crypto-trade may be extended briefly past the $1.50 mark in the short-term run. But, if more extended with force, the price may test a low point at $1.40 level for a bearish reversal.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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