OMG price outlook: OMG Network dips 15% amid profit taking
OMG price has fallen to lows of $1.85 after rejecting around $2.50. The 15% dip is likely due to profit taking, a scenario that threatens flipping momentum to the bears. Technical indicators suggest bulls need to hold at current levels or risk retreating to primary support near $1.68. OMG Network price rose to its highest price level since August 2022 late last week, hitting highs of $2.50 on major exchanges. The price surge for OMG happened as bulls capitalised on positive crypto sentiment amid turmoil in the banking sector, with prices rising significantly over the weekend. The coin has also pumped despite recent delisting news from Coinbase. But while OMG/USD remains more than 32% higher in the seven-day timeframe, it has dipped over 15% in the past 24 hours. At the time of writing, OMG was trading around $1.89, with its bullish momentum at risk should bears manage to short term strengthenig. OMG price daily price outlook Profit taking deals appear to be behind OMG price r...