The OMG Network Price Prediction 2022 is consolidating between the struggle of buyers and sellers in a market that is expected to be range-bound.
Let’s Take a Look at the Technical Movement of OMG Network:
OMG Network Price Prediction 2022
For a long time, OMG Token has appeared bearish, surviving in a slightly declining wedge shape.
The OMG coin price is moving sideways on the daily chart. The Token is trading below the 50, 100, and 200-day moving averages and overlaps with the 20-day moving average. OMG, Coin needs to escape out of the bear trap. Since the beginning of the year 2022, it has only traded in the $3.70 to $7.20 range. The coin needs to break out of the range-bound zone, and it is waiting for the bulls to alter direction.
Key Technical Levels
- Levels of Support: $3.8 and $3
- Levels of resistance: $7 $9.5 and $12
The RSI forecasts the coin’s neutrality, which validates the coin’s sideways trend. Meanwhile, because the candlestick formation is in the midst of the upper and lower bands, the Bollinger band also represents neutral flow on the chart.
The MACD generated a bullish crossover on December 8, but OMG price did not follow this indication because to the range-bound market. However, MACD is currently striving to move from a hostile to a positive zone.
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