OMG Network (OMG) is needing to see a little more bullish upside in order to prevent the price from getting stuck and going into longer consolidation on the daily and longer charts. So far, there’s plenty of bullish-looking indicators going around and I can definitely see a case for upside. Lows of support have been holding, and we’re seeing higher lows on the daily candles for the last eight days.
Let’s dive into the OMG Network (OMG) chart here and analyze this setup. Some price predictions will be made, but checking in on the OMG news and sentiment in the space is a great thing to always be looking at. Layer 2 solutions have huge potential to blow up, especially as Ethereum and DeFi boom once again. Volumes are looking great, and the OMG bulls might be ready for another liftoff.
OMG Network is the former OmiseGO, so we’re glad to see the project trying to benefit the DeFi space here. The news and price predictions are seeming to be wild and all over the place, but after several great days of trading, we might be looking at a longer trend change.
Will 2021 be a better year for OMG? It’s very likely since we are looking at 2021 being the start of a new bull cycle — a bull cycle like we saw in 2017 — so we are hoping for a VERY BULLISH rest of 2020 and even better 2021!!! OMG Network analysis and news (or lack of) in this video! Learn some technical analysis and explanations on trading and investing lessons.
OMG Network and OMG Network prices are still something that we’re looking at in the short term. Price predictions will hopefully be valid for supports. Overhead price predictions are still getting stuck at the $5 psychological resistance. Omisego 2020 — Omisego Network — Omisego crypto — Are you bullish?
What are your price predictions and thoughts about the news and sentiment coming out of OMG?? Does OMG NETWORK have your attention? Post your price predictions, analysis, and more in the comments section below!!!
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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.
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