OmiseGo is being traded at $0.649674 at the time of penning down this analysis, and this price level marks a 1.89% decline over the last 24 hours. The OMG coin has been rallying with steady upside momentum for the whole month and could move its price from $0.485 to the current $0.649. The current regressive movement seems to be temporary before bouncing back to its previous glory.

OmiseGo Price Analysis

OMG coin was trading with upside momentum from yesterday, and yesterday, it spotted at $0.6621. Then, over the next 3 hours, the price escalated to $0.687279 by 3.79% hike. After hitting a $0.68 mark, the currency faced corrective pullback and registered a 5.98% correction that cost the OmiseGo coin $0.0411 and pulled the price down to $0.646177 by 15:00 UTC. From this low, the coin reflected a slight improvement in the price, and in the next 9 hours, the coin traded upwards at a slow and steady pace. Today, the OMG price spotted at $0.6628 as it registered a 2.58% hike.

Further, OmiseGo price again faced pullback pressure, and at the time of penning down this analysis, it spotted at $0.6496. The most recent plunge seems like a temporary halt, and the price may soon bounce back. The next resistance seems bright at $0.6550. However, if the OMG price continues to trade downwards, it may find the next support around $0.6429.

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