OmiseGo’s OMG token is reporting double-digit gains today, figures that throw shade on the rest of the top 25 cryptocurrencies by market valuation.
Having clocked a two-month high of $20.67 earlier today, OMG is now changing hands at $18.20 Bitfinex上 – up 15 percent in the last 24 時間.
その間に, OMG’s BTC-denominated exchange rate jumped to a seven-month high (highest since Sept. 30) of 0.0023466BTC.
The price rise may be associated with the OMG’s listing today on Bithumb, one of the biggest cryptocurrency exchanges in South Korea. The token was alo listed on Zebpay, one of India’s largest cryptocurrency exchanges, 昨日.
さらに, an OmiseGo “airdrop” (scheduled for today) may have played a major role in boosting prices. According to the official blog, existent OMG investors are set to be gifted 0.3 OMG for every 1 OMG held. そう, the token may have been snapped up in the hopes of making free money, with a plan to take profits once the coins are received.
So while flying high at press time, OMG is already down 11 percent from the intraday highs and could face a deeper pullback going forward.
According to the chart analysis, にもかかわらず, the outlook will remain bullish as long as prices hold above $14.40.
The bullish triangle breakout indicates long-term bearish-to-bullish trend change and has opened the doors for a retest of the record high of $28.50.
It’s worth noting that the bullish breakout is matched by a 415 percent spike in 24-hour trading volume. そう, the rally looks sustainable. さらに, the momentum studies are biased to the bulls too, with both the 5-day moving average (MA) and the 10-day MA trending north.
OMG will likely take out the immediate resistance at $20.83 (2月. 28 high) in a convincing manner and could rise to $28.50 (record high) in the near-term.
唯一の毎日に近いです (as per UTC) 以下 $14.40 (四月 21 低いです) would signal bullish invalidation. その間に, 下のドロップ $12 would signal a bullish-to-bearish trend change.
Falling balls image via Shutterstock
blockchainニュースのリーダー, CoinDeskは最高のジャーナリズムの基準のために努力し、編集方針の厳格なセットを遵守メディアアウトレットです. CoinDeskデジタル通貨グループの独立した事業子会社であります, cryptocurrenciesとblockchain新興企業に投資しています.