OmiseGo has launched its second version of the OMG network recently.
It is one of the favorite Ethereum projects with the 6th highest market capitalization in cryptocurrencies.
From its year low on February 1 in 2019 at 1.01 USD, OMG is now trading currently at 121 % higher. It even reached its three months high 2.49 on April 5, which is a 146.53 % rise. Such a steep climb within four months of trading only asserts the fundaments of OMG and its new announcements. Since it’s May 16 high is only 2.16, the three month high will be the level to watch for its upward movement. To know more about future price changes of OMG coin, visit OMG coin price prediction.
May 29, 2019, Price Statistics of OMG at 3.74 UTC:
| Ranking in cryptocurrency list of Coinmarketcap | 33 |
| Return of Investment (ROI) | 317.91 % |
| Total Circulation | 140,245,398 OMG |
| Market Cap in USD | 314,004,624 |
| Current Price in USD | 2.24 |
| Current Price in BTC | 0.00025874 |
| 24 hours traded volume | 116,086,479 |
| 25 days price change | 40 % |
May 29 Intraday movements of OMG:
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It started the day at 2.25 dollars down from yesterday’s close of 2.31 USD. It is currently trading -3.12 % down. It shows a clear bearish trend for the day. It may reach 2.13 on the downside and take support there.
Value comparisons, resistances, supports, and predictions:
Since it is trading 121 % higher from its February year low, it is correcting from its three months high of 2.49 USD. After consolidating at this level, it may reach higher levels with strong fundamentals and announcements.
Resistance Levels:
- R1 – 2.34
- R2 –2.49
- R3 – 3.81
Once it cuts the critical barrier of the three month high of 2.49, it may reach even 5 dollars within 2019.
Support levels:
- S1- 1.83
- S2 – 1.48
- S3 – 1.15
It is vital that OMG does not trade below 2 dollars. Once it starts trading below 2 dollars, the first support level of 1.83 is time to those who want to exit it.
But when it cuts 2.49 it could reach to the following predictions from current price:
| Period | Price | Percent (%) |
| 1 Week | 2.49 | 11.16 |
| 1 Month | 3.81 | 70.08 |
| 6 Months | 5 | 123.21 |
Conclusion:
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Once the vital level of 2.49 is cut, it could reach the 5 dollar target easily for a 123 % return. Supported by strong fundamentals and many announcements this year could help OMG regain its glory in the long run. But for now, since it has come from its all-time high of 28.35 USD last year and from its year high of 12.30 USD, it is possible for a quick correction to its previous highs shortly.
