OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 24
- OMG/USD in the medium-term run has continued to be dominated by range price movements.
- The OMG/USD market in the short-term run has depicted a note of an increase in value.
OMG/USD Medium-term Trend: Ranging
- Distribution territories: $2, $2.20, $2.40
- Accumulation territories: $1.20, $1, $0.80
A chain of falling and rising has continued to dominate the market’s trend of OMG/USD in ranges of $1.80 and $1.40 price territories. The crypto has been on a mote of featuring slight moves within the range zones about a few hours back.
The trading indicators are all trend towards the east than any other direction. The 50-day SMA is between the Bollinger Middle and the Lower Bands. The Stochastic Oscillators have swayed to the north with weak force across ranges 40 and 60.
There are yet indications suggesting that the bulls have not had a strong foundation in this crypto-market. Nevertheless, the bears may not be able to push out of the $1.40 lower range mark in a near time of trading.
OMG/USD Short-term Trend: Bullish
There has been a slight increase in the market position of OMG/USD in the short-term run today. As at the time of writing, the market has been able to rise from a low point at $1.50 to almost touch a high value of $1.70 mark. Yesterday’s market trend was more of a bearish outlook than any other formations. The 50-day SMA and the Bollinger Middle Band are a bit under the market line to signify that price is in the control of buyers to some extent. The Stochastic Oscillators have moved into the overbought zone.
Price may face correction in the process of moving upward around $1.70. Meanwhile, the market points between the $1.70 and $1.60 may turn out to be range zones of the OMG/USD market in the short-term run.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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