OMG Network Price Prediction 2022 — Will OMG  Hit $5 Soon?

OMG Network Price Prediction 2022 — Will OMG  Hit $10 Soon?
  • Bullish OMG price prediction is $1.609 to  $3.746.
  • OMG Network (OMG) price might also reach $5 soon.
  • Bearish OMG price prediction for 2022 is $1.042.

In OMG Network (OMG) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about OMG to analyze the future movement of the cryptocurrency. 

OMG Network (OMG) Current Market Status

According to CoinGecko, the price of OMG Network (OMG) is $1.21 with a 24-hour trading volume of $17,494,728 at the time of writing. However, OMG has decreased by nearly 0.1% in the last 24 hours. 

Moreover, OMG Network (OMG) has a circulating supply of 140,245,398 OMG. Currently, OMG Network (OMG) trades in cryptocurrency exchanges such as Binance, FMFW.io, LBank, Coinbase Exchange,  OKX, Upbit.

What is OMG Network (OMG)?

OMG is the native token of the OMG Network. The OMG Network (formerly OmiseGO) is an Ethereum and ERC-20 token value transfer network. It calls itself the first production-grade layer-2 Ethereum scaling solution and wants to make it easier for users to move money and various digital values on the blockchain more quickly, more affordably, and securely. 

OMG is  used for paying fees on the network. Additionally, validators that operate network nodes and validate blocks use the token. Transaction fees are how they are compensated for their services.

OMG Network (OMG) Price Prediction 2022

OMG Network (OMG) holds the 170th position on CoinGecko right now. OMG price prediction 2022 is explained below with a daily time frame.

OMG /USDT Horizontal Channel  Pattern (Source: Tradingview)

The above chart of OMG Network (OMG)  laid out the Horizontal channel pattern.  Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.  A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.

Currently, OMG Network (OMG) is in the range of $1.21. If the pattern continues, the price of OMG  might reach the resistance levels of  $1.204  and $1.390. If the trend reverses, then the price of OMG may fall to $1.124 & $1.049.

OMG Network (OMG) Support and Resistance Levels

The chart below shows the support and resistance levels of OMG Network (OMG).

OMG /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for OMG Network (OMG). 

Resistance Level 1$1.609
Resistance Level 2$2.535
Resistance Level 3$3.746
Support Level $1.042

The charts show that OMG Network (OMG) has performed a bullish trend over the past month. If this trend continues, OMG might run along with the bulls overtaking its resistance level at  $3.746

Accordingly, if the investors turn against crypto, the price of OMG Network (OMG) might plummet to almost $1.042, a bearish signal.

OMG Network (OMG) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of OMG Network (OMG) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of OMG lies below the cutoff line, indicating weak participants in the current trend.

OMG /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of OMG Network (OMG) is shown in the chart above. Notably,  OMG Network (OMG) price lies below 50 MA (short-term), so it is in a downtrend. Currently, OMG has entered a bearish state. Therefore, there is a possibility of a reversal trend of OMG at any time.

Meanwhile, the relative strength index (RSI) of the OMG is 39.58. This means that  OMG Network (OMG) is nearly in an oversold state. However, this means a major price reversal of OMG may occur in the upcoming days. So, traders need to trade carefully. 

OMG Network (OMG) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of OMG Network (OMG). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

OMG /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of OMG Network (OMG). Currently, the ADX of OMG lies in the range of 46.964 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of OMG Network (OMG). RVI measures the constant deviation of price changes over a period of time. The RVI of OMG lies beliw  50, indicating low volatility. In fact, the RSI of OMG Network (OMG) is at 39.58 thus confirming a potential sell signal.

Comparison of OMG with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  OMG Network (OMG).

BTC Vs ETH Vs OMG  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price actions of OMG is a similar trend with respect to ETH. This indicates that when the price of  ETH increases , the price of OMG increases. And when the price of ETH decreases, the price of OMG decreases respectively.

OMG Network (OMG) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  OMG Network (OMG) might probably attain $10 by 2023.

OMG Network (OMG) Price Prediction 2024

With several upgrades in the network, OMG Network (OMG) might enter a bullish trajectory. If the coin grabs the attention of major investors, OMG might rally to hit $15 by 2024. 

OMG Network (OMG) Price Prediction 2025

If OMG Network (OMG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, OMG would rally to hit $20

OMG Network (OMG) Price Prediction 2026

If OMG Network (OMG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, OMG would rally to hit $25

OMG Network (OMG) Price Prediction 2027

If OMG Network (OMG) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, OMG would rally to hit $30

OMG Network (OMG) Price Prediction 2028

OMG Network (OMG) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, OMG would hit $35 in 2028.

OMG Network (OMG) Price Prediction 2029

If investors flock in and continue to place their bets on OMG Network (OMG), it would witness major spikes. OMG might hit $40 by 2029.

OMG Network (OMG) Price Prediction 2030

With greater advancements in the OMG Network ecosystem, the crypto community might continue to invest in OMG for the next 8 years and drive significant price rallies for the token. Hence, OMG Network (OMG) might hit $45 by 2030.

Conclusion

With continuous improvements in the OMG Network network, we can say that 2022 is a good year for OMG. For this reason, the bullish price prediction of OMG Network (OMG) in 2022 is $3.746. On the other hand, the bearish price prediction of OMG Network (OMG) price prediction for 2022 is $1.042.

Furthermore, with the advancements and upgrades to the OMG Network ecosystem, the performance of OMG would help to reach above its current all-time high (ATH) of $25.62. very soon. But, it might also reach $5 if the investors believe that OMG is a good investment in 2022.

FAQ

1. What is OMG Network (OMG)?

OMG is the native token of the OMG Network. The OMG Network (formerly OmiseGO) is an Ethereum and ERC-20 token value transfer network.

2. Where can you purchase OMG Network (OMG)?

OMG Network (OMG) has been listed on many crypto exchanges which include Binance, FMFW.io, LBank, Coinbase Exchange,  OKX, Upbit.

3. Will OMG Network (OMG) reach a new ATH soon?

With the ongoing developments and upgrades within the OMG Network Platform, OMG has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of OMG Network (OMG)?

On January  13, 2018 OMG Network (OMG) reached its new all-time high (ATH) of $25.62.

5. Is OMG Network (OMG) a good investment in 2022?

OMG Network (OMG) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Internet Computerin the past few months, OMG is considered a good investment in 2022.

6. Can OMG Network (OMG) reach $5?

OMG Network (OMG) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then OMG Network (OMG) will hit $5 soon.

7. What will be OMG Network (OMG) price by 2023?

 OMG Network (OMG) price is expected to reach $15 by 2023.

8. What will be OMG Network (OMG) price by 2024?

 OMG Network (OMG) price is expected to reach $20 by 2024.

9. What will be OMG Network (OMG) price by 2025?

 OMG Network (OMG) price is expected to reach $25 by 2025.

10. What will be OMG Network (OMG) price by 2026?

 OMG Network (OMG) price is expected to reach $30 by 2026.                                

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.