On the downside, the bearish trend may reach the previous low of $1.61 price level.
The OMG price is in the oversold region of the daily stochastic but below the 20%range.
OMG/USD Medium-term Trend: Bearish
Resistance Levels: $2.40, $2.60, $2.80
Support levels: $1.80, $1.60, $1.40
Yesterday, July 11, the OMG price was in a bearish trend and below the 12-day EMA and 26-day EMA . The bulls had failed to break above the EMAs, therefore the downward correction is continuing. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate.
On the downside, the bearish trend may reach the previous low of $1.61 price level. The previous low was on June 9, where the bulls made an upward move to reach the $2.80 overhead resistance level….