OMG Is Freefalling to $0.250
OMG Network (OMG) is down 11.2% to $0.289, underperforming the broader crypto market, where Bitcoin (BTC) has dropped 6.4% to $97,696, marking its lowest level since 16 January. The market is reeling after Donald Trump threatened Colombia with a trade war unless it accepted deportation flights. Colombia has since capitulated, agreeing to receive deportees, leading investors to speculate that similar strategies might be employed with other nations, potentially prompting the Federal Reserve to adopt a more hawkish stance.
OMG lacks any fundamental drivers to counter these negative developments. Should the broader market pressure continue, OMG prices could plunge further, with $0.250 being the next likely target.
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