OMG Is Struggling to Hold above $0.25
OMG Network (OMG) is down 20.3% this week, trading at $0.2440. While this decline may appear steep compared to Bitcoin's (BTC) 7.0% retracement, it is somewhat deceptive, as even minor price movements for OMG can seem significant due to its volatility. The token is currently holding firm at the critical support level of $0.2500, but if this support breaks, it could lead to a deeper decline.
Unfortunately, only a positive shift in market sentiment could help stabilise the token. Given current conditions, this outlook remains uncertain, leaving OMG in a precarious position.
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