Further, an OmiseGo “airdrop” (scheduled for today) may have played a significant part in boosting costs. According to the official blog, existent OMG investors are set to be gifted 0.3 OMG for each 1 OMG held. The token could have already been snapped up using a strategy when the coins have been received, to make profits, at the hopes of making free cash.
The bullish triangle breakout indicates long-term bearish-to-bullish trend change, and it has opened the doors to get a recurrence of their record of $28.50.
Released at Thu, 26 Apr 2018 13:45:32 +0000
Only a daily close (according to UTC) under $14.40 (April 21 low) would indicate bullish invalidation. Meanwhile, a drop below $ 12 will indicate a trend change that is bullish-to-bearish.
The price rise could be associated with the listing of the OMG today one of the biggest cryptocurrency exchanges in South Korea, on Bithumb. The token was alo listed on Zebpay, one of India cryptocurrency exchanges, ” yesterday.
So while flying OMG could confront a pullback going and is down 11 percent.
Falling balls image via Shutterstock
OmiseGo’s OMG token is reporting double handed earnings today, figures which throw shade on the rest of the best 25 cryptocurrencies by market evaluation.
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It’s worth noting the breakout is matched by a 415 percent spike in trading volume that is 24-hour. The rally looks sustainable. Moreover, the momentum research have been biased into the bulls also, together with the 5-day moving average (MA) and also the 10-day MA registered north west.
OMG will probably take the immediate resistance at $20.83 (Feb. 28 large) in a convincing fashion and could rise to $28.50 (record high) in the near-term.
Having clocked a record-breaking large of $20.67 before today, OMG is currently changing hands at $18.20 on Bitfinex – up 15 percent in the last 24 hours.