In this OMG Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for OMG-USDT. OMG Network (OMG) is a decentralized financial platform that enables users to access a wide range of financial services, including lending, borrowing, and trading, all within one ecosystem. With OMG, users can easily manage their digital assets and make transactions with ease, without the need for intermediaries or traditional financial institutions. By leveraging blockchain technology and smart contracts, OMG provides a secure, transparent, and efficient platform for users to manage their finances in a decentralized manner.
OMG Network Price Overview:
As of October 02, 2023, OMG Network is trading at approximately 0.491 USDT. Let’s dive into the detailed price action for OMG-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.518 USDT.
- High (H): OMG Network reached a daily high of around 0.52 USDT.
- Low (L): The daily low for OMG-USDT was approximately 0.477 USDT.
- Close (C): At the time of analysis, OMG Network is trading near its daily close of 0.491 USDT.
|1D Change (%)||-5.03%|
|3D Change (%)||-2.00%|
|7D Change (%)||9.35%|
|30D Change (%)||5.36%|
|90D Change (%)||-27.69%|
|YTD Change (%)||-52.24%|
Over the past three days, OMGUSDT has fallen by approximately -2.00%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 9.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OMGUSDT maintaining an upward trend of approximately 5.36%, despite intermittent fluctuations. Examining the last 90 days, OMGUSDT has witnessed substantial fall of approximately -27.69%, reflecting strong long-term confidence. Year-to-date, OMGUSDT has steadily depreciated by around -52.24%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
OMG Network Live Chart:
You can access a live price chart for OMG-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.46725.
- Momentum score is 0.05365.
OMG USDT Technical Analysis
OMG Network Trading Volume:
The trading volume for OMG Network (OMG) over the past 24 hours has been insignificant, with approximately 2,837,520.30 USDT traded against OMG. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): OMG is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): OMG Network is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for OMG-USDT is currently in the neutral zone, around 49.14743. This suggests that OMG Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
OMG Network (OMG-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.