OMISEGO Price Prediction Today: Daily (OMG) Value Forecast – July 9
- There has been a slight increase in the trade worth of OMG/USD.
- The OMG/USD market's point at $2.50 could be a defining line of either of the two major directions of the crypto-trade.
OMG/USD Medium-term Trend: Bullish
Supply levels: $3, $3.20, $3.40
Demand levels: $1.80, $1.60, $1.40
A slight increase has featured in the trade worth of OMISEGO as paired with the US dollar price in the medium-term run of the market. The pair was in a bearish trend after which it resorted to a long line of ranging moves. On July 8, the third 4-hour trading candlestick formed to put the crypto-market a bit up from the range movements of the market.
The Bollinger Middle Band and the 50-day SMA are closely located below the current market value around $2.40. The Stochastic Oscillators now seemingly making an attempt to cross the hairs from below range 60.
The bulls appear to have a better drive of the OMG/USD trade operations as they seem to have built a foundation from $2.20 mark. A breakdown of that price point will invalidate the market’s uptrend bias.
OMG/USD Short-term Trend: Ranging
A range moving trend has been spotted in the market activities of OMG/USD today. The levels at $2.60 and $2.50 have been the price zones that the market has been fluctuating. Yesterday, the crypto’s value completed its journey to the north in a bullish outlook.
The 50-day SMA and the Bollinger Lower Band have joined together a bit below $2.50 mark. And, they point to the east to attest to the current range moving mode of the market. The Stochastic Oscillators have dipped into the oversold zone. They now slightly point to the north across range 20.
There are indications to show the crypto-market may be building its stance around both the conjoint area of the two trading indicators. Meanwhile, a breakdown at the $2.50 price line may cause a free-fall of the market to possibly resettle at a low point around $2.30 mark.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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