OmiseGo Price Prediction Today: Daily (OMG) Value Forecast – June 27
- In spite of the present pull-back, the bears are still expected to take the lead in the OMG/USD market.
- The OMG/USD market may experience a chain of range price movements for a while.
OMG/USD Medium-term Trend: Bullish
- Distribution territories: $3.50, $4, $4.50
- Accumulation territories: $2, $1.50, $1
The OMG/USD market was in a ranging trend until the fifth formation of a 4-hour candlestick on June 25. The last formation on the aforementioned trading day saw a push against the Bollinger Upper Band’s trend-line to the north.
And, the up-rise in the crypto’s value eventually averaged the current immediate distribution territory of the market. As at now, the pair is now experiencing a pull-back to trade around $2.50 mark. All the indicators now point to the north. The Stochastic Oscillators are seemingly attempting to close hairs a bit over range 40.
The OMG/USD medium-term trade is likely to find a strong stance around the $2.50 mark in a near time to regain the strength. However, the bears may hold back the market in a range moving mote towards or around the 50-day SMA indicator afterward.
OMG/USD Short-term Trend: Ranging
As at the time of writing today, the OMG/USD market has been visibly witnessing a line of ranging trend outlook. Yesterday’s sessions were eventually ended up being a bullish trending market as a high point of $3.29 or thereabout was achieved. The indicators now seemingly point north-east direction. The Stochastic Oscillators now consolidate around ranges 40 and 20.
The crypto-market may now start to witness a chain of range price movements around $2.80, $2.60, and $2.40 marks. The bulls are expected to regain their energy within those presumed range trading zones afterward.
Live OmiseGo (OMG) Price:
1 OMG/USD =$3.7418 change ~ -3.97%
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