OMG is Likely Consolidating Now
OMG Network (OMG) is trading neutral around $1.160 this week. With Bitcoin (BTC) up by 6.2% to $66,850 per coin, it seems that OMG is underperforming. However, it has risen impressively by 85.0% since the beginning of February. It performed even better with a rise of 115.0% on March 3, reaching $1.349, while BTC increased by 57.0% during the same period. So, OMG has likely exhausted its potential for now. There are no fresh news about the token since January. Breaking through the strong resistance level at $1.150-1.250 without any internal positive reasons seems challenging. Therefore, it is likely that the token will enter a consolidation phase.
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