OmiseGo Price Prediction Today: Daily (OMG) Value Forecast – July 5


  • On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $2.800 resistance level.
  • The market was on a downward correction to a low at $2.40 price level or to the support of the 12-day EMA.

OMG/USD Medium-term Trend: Bearish

  • Resistance Levels: $2.40, $2.60, $2.80
  • Support levels: $2.20, $2.00, $1.80

Yesterday, July 5, the OMG price was ranging below the 12-day EMA. In retrospect, On June 26, the OMG market reached a high of $3.2 price level but was resisted. The market was on a downward correction to a low at $2.40 price level or to the support of the 12-day EMA. Nevertheless, at the support level, the bulls made another upward move and reached a high of $2.800 price level. The bulls were resisted again as the bears broke below the EMAs to a low at $2.30 price level.

The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $2.800 resistance level. Nevertheless, the OMG price is in the oversold region of the daily stochastic but above the 20%range. This indicates that price is a bullish momentum and a buy signal.

OMG/USD Short-term Trend: Bullish

On the 1-hour chart, the OMG price was in a bullish trend. On July 5, the bulls break the EMAs and made an upward move above the EMAs. The crypto’s price reached a high of $2.43 and was resisted. The crypto's price retraced to the support of the 12-day EMA. Meanwhile, the price is in the overbought region of the daily stochastic but below the 80% range. This indicates that price is in a bearish momentum and a sell signal.

Live OmiseGo (OMG) Price:

1 OMG/USD =$3.7418 change ~ -3.97%

Coin Market Cap

$524.78 Million

24 Hour Volume

$73.91 Million

24 Hour VWAP

$0

24 Hour Change

$-0.15

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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