OMG is Likely to Continue Down Towards $0.250
OMG utility token has no strength for recovery after it was delisted from Binance.US in mid-September. OMG has not demonstrated any reaction on a short improvement in crypto market situation that demonstrates its weakness.
Bitcoin prices recovery by 7% in the first half of September was not translated into OMG prices. It has posted 6.0% up-to-date monthly losses and it is unlikely to recover above $0.500 threshold. Crypto enthusiasts are afraid the token could be delisted from other crypto exchanges.
In such situation OMG prices are likely to deteriorate towards the support at $0.250 per coin, and this decline could be close as it demonstrates extremely low volatility during the recent 5 days.
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