Rising cryptocurrencies Neo, OmiseGo (OMG) and Augur (REP) are gaining momentum. Let’s see how price of these altcoins may trade in the near future.
In this article, we will discuss short to medium term forecast and analysis for cryptocurrencies such as Neo, OmiseGo (OMG) and Augur (REP) which are trending currently and making a lot of moves.
- OmiseGO price (OMG/USD) is gaining momentum above $8.00-10.00 against the US Dollar.
- NEO price broke a major resistance zone near $36.00 on the 4-hours chart Vs USD.
- Augur price rocketed higher versus the US Dollar and bitcoin before facing a strong resistance.
Neo Price Analysis
NEO/USD gained heavy bids recently from the $30.00 swing low and moved above the $40.00 handle. More importantly, there was a break above a major resistance zone near $36.00.
The mentioned $36.00 resistance was around a major bearish trend line on the 4-hours chart. Moreover, the 150 simple moving average at $34.00 and 100 simple moving average at $37.00 were also cleared.
These all are positive signs and calling for more gains above $38.00 in the near term. The price is currently around $40.00 and dips toward $38.00 remain supported. On the upside, buyers can look to target the $50.00 handle.
Augur price Analysis, REP/USD
There was a sharp upside move in Augur price recently above $30.00 against the US Dollar and above 0.004BTC versus bitcoin. However, REP/BTC faced heavy offers near 0.0048BTC and reversed its gains.
However, the price is still above the 0.0030BTC support, 150 simple moving average and the 100 simple moving average (2-hour). On the upside, there is a bearish trend line forming with resistance near 0.033BTC on the 2-hour chart.
A break above the trend line resistance and 0.0340BTC would open the doors for more gains.
OmiseGO: OMG Price Analysis
We saw a crucial breakout pattern in the last analysis of OMG/USD. The price did make an upside move and traded above the $8.00 resistance. Recently, buyers gained momentum and pushed the price above the $10.00 level.
The price is now well above the $8.50 support, 150-day simple moving average and the 100-day simple moving average. It seems like OMG token price is following an ascending channel with current resistance at $11.00.
Should there be a break above the channel resistance at $11.00, the price could trade towards $14.00 in the near term. On the downside, the $8.50 and $8.00 levels are decent supports.
Trade safe traders and enjoy the ride!!!