OmiseGO to US Dollar
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Anderson Noah
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03.10.2024
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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| Ticker | OMGUSD OMG/USD |
| Contract value | 1 OmiseGO |
| Maximum leverage | 1:10 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 10 lot |
| Maximum transaction volume | 1000 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
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