Markets Technical Analysis

OMG Has More Left in the Tank After Tripling in Value

By Valdrin Tahiri
Updated by Ryan Smith
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In Brief

  • OMG/USD is facing resistance at $6, $9 and $11.5.

  • The upward trend has yet to show any weakness.

  • OMG/BTC is facing resistance and support at 47,000 and 30,000 satoshis, respectively.

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The OmiseGo (OMG) price has tripled in value during August. The trend has yet to show any weakness, so the price could increase towards the resistance levels outlined in the article. The movement is similar for both the USD and BTC pairs. OMG Triples in Value Since a significant drop on August 2, which created a hammer candlestick, the OMG price has increased by a massive 200%,
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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