OmiseGo [OMG] Technical Analysis and Price Prediction 2018, 2020
The crypto market today has faced a mysterious meltdown with Bitcoin plunging below the $7000 mark. Bitcoin experienced panic selling in a span of two hours where its prices slumped over 5% against USD while other coins followed its lead and fell by 10% in the bear storm. OmiseGo is one among the coins to have suffered a loss of over 20% in the crash.
The prices have broken out from the last support level found at $4.06. The seller pressure seems to be rising as the prices are unable to find stable support for long. The MACD indicates a severe bullish momentum for the prices. OMG is trading well below the bullish trendline suggesting the investors will have to wait for a price recovery. OMG is currently trading at $3.427 and is losing against USD by 22.28%.
Currently, one OMG is equal to 0.00055585 BTC and is falling against BTC by 16.65%.
OMG Price prediction 2018, 2020
According to Tradingbeasts, "The OmiseGO price is forecasted to reach $12.20 by the beginning of December 2018. The expected maximum price is $15.49, minimum price $10.54. The OmiseGO price prediction for the end of the month $12.40." By the end of 2020, OMG prices are expected to reach around $17.
Coinliker forecasts that OMG prices will touch $80 in a year and five years from now the coin prices are expected to reach $320.
OMG Latest Updates
- OmiseGo has released an early alpha of a plasma-based scaling solution. This endeavor focusses on increasing the transaction capacity of the OmiseGo and other scalability issues.
- OmiseGo started trading on Bitpanda earlier this month. Upon the announcement, OMG prices started to recover and started trading above $6.
Image via Google
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