Demand Wanted for OmisgeGo(OMG)!? It’s Missing it.

OmiseGo continues trading within the triangle, rejecting both, the downtrend trendline as well as support near $7. On the 24th of October, it attempted to break above the 200 Moving Average but did not succeed.

Currently, it is still below the 200 MA, showing that there is not enough demand and it is likely to continue moving down to test the low established on 15th of September, near $6.5. This level should play a key role in determining the further direction of OMG/USD. At this point, trend remains bearish.

omisego chart