Despite a rapid rally throughout August, the OmiseGo (OMG) price failed to reach a weekly close above a crucial resistance area. It is not yet clear if the trend is still bullish or if the price has begun a correction. Long-Term Support At the beginning of August, OMG began a rapid upward move that took the price to a high of $9.86 on August 21. However, the price was rejected by the
Despite Substantial Rally, OMG Fails to Clear Crucial Resistance
OMG is facing long-term resistance and support at $7.30 and $2.70, respectively.
The price has found support above the 50-day MA.
OMG/BTC has failed to close above the 45,00 satoshi resistance area.
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